Brief: Fletcher Building Announces Industry Response To WA Plumbing Issues

Fletcher Building

30/08/2024 02:32

Aug 30 (Reuters) - Fletcher Building Ltd  FBU.NZ :

    * FLETCHER BUILDING INDUSTRY RESPONSE TO WA PLUMBING ISSUES
    * EXPECTS TO RECORD A PRE-TAX PROVISION OF ABOUT A$155
MILLION IN
ITS FY25 FINANCIAL STATEMENTS
    * JIR RECOGNISES THAT A PRODUCT RECALL IS NOT AN APPROPRIATE
RESPONSE TO PLUMBING FAILURES
    * IPLEX PIPELINES AUSTRALIA  & WESTERN AUSTRALIAN GOVERNMENT
AND
KEY INDUSTRY STAKEHOLDERS, HAVE REACHED AN IN-PRINCIPLE
AGREEMENT
    * IF THIRD-PARTY CLAIM IS HOMEOWNER CLASS ACTION, JIR WILL
TERMINATE


Further company coverage:  FBU.NZ 

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