NZ's Fletcher Building swings to annual profit
18/08/2026 21:42
NZ's Fletcher Building swings to annual profit Aug 19 (Reuters) - New Zealand's Fletcher Building FBU.NZ swung to a profit on Wednesday, as proceeds from the divestment of its construction division and other non-core operating units helped strengthen its balance sheet.
The Auckland-based construction materials maker posted a group net profit of NZ$228 million ($133.86 million) for the year ended June 30, compared with a loss of NZ$419 million in the prior year.
($1 = 1.7033 New Zealand dollars)
(Reporting by Aamir Shaik Khalid in Bengaluru; Editing by Diti Pujara)
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