Browsing Tag
Winstone Wallboards
2 posts
Fletcher Building (ASX: FBU) reports stronger construction materials volumes as residential earnings weaken
Fletcher Building has reported improved first-quarter sales volumes across most of its building products businesses, but weakness in residential development and continuing uncertainty around construction activity leave its earnings recovery uneven.
Fletcher Building shares jump 5.5% as NZ$647m profit swing still fails dividend test
Fletcher Building returned to a NZ$228m profit and cut debt 36%, but dividends remain suspended as ASX waits for sustainable free cash flow.