New Zealand's Fletcher Building's half-year loss widens

Fletcher Building

18/02/2025 19:38

Feb 19 (Reuters) - New Zealand's Fletcher Building
 FBU.NZ  reported a wider half-year loss on Wednesday, weighed
down by lower demand, increased competition, and higher
inflation.
    The Auckland-based construction materials maker said its net
loss after tax for the six months ended December 31, was NZ$134
million ($76.41 million), compared with a loss of NZ$120 million
a year earlier. 

($1 = 1.7538 New Zealand dollars)

 (Reporting by Nichiket Sunil and Kumar Tanishk in Bengaluru;
Editing by Mohammed Safi Shamsi)
 ((Nichiket.Sunil@thomsonreuters.com;
Tanishk.Kumar@thomsonreuters.com
X: @thatstanishk))