New Zealand's Fletcher Building posts 17% drop in full-year profit

Fletcher Building

19/08/2025 21:40

Aug 20 (Reuters) - New Zealand's Fletcher Building FBU.NZ reported a 17% drop in its full-year underlying profit on Wednesday, weighed down by softer demand for its buildings materials and products.

The Auckland-based construction materials maker's group underlying net profit after tax came in at NZ$152 million  ($89.59 million) for the year ended June 30, compared with NZ$183 million a year ago.

The result narrowly missed the Visible Alpha consensus estimate of NZ$153.4 million.

($1 = 1.6966 New Zealand dollars)

 (Reporting by Sneha Kumar and Nichiket Sunil in Bengaluru; Editing by Maju Samuel)

 ((Sneha.Kumar@thomsonreuters.com;))