NZ's Fletcher Building to address plumbing issues in Western Australia homes

Fletcher Building

30/08/2024 02:34

Aug 30 (Reuters) - New Zealand's Fletcher Building
 FBU.NZ  said on Friday its unit and the Western Australian
government have reached an agreement to address the plumbing
failures in some of the Western Australia homes built using the
company's product.
    Fletcher will record a provision of about A$155 million 
($105.35 million) in its fiscal 2025 results if the agreement is
finalised, it said.

($1 = 1.4712 Australian dollars)

 (Reporting by John Biju in Bengaluru; Editing by Rashmi Aich)
 ((John.Biju@thomsonreuters.com;))