Fletcher Building Limited
(ASX:FBU) has announced a decline in full year profit to $NZ270 million for the year to June 30.
The result is 20 per cent lower than last year’s figure of $NZ339 million.
The company has attributed the fall in profit to site closure costs, business disposals and other significant items.
However, the company’s revenues were up 3 per cent to $NZ8.66 billion, thanks to improved activity levels across most sectors in New Zealand.
Fletcher Building will pay a final dividend of 19 NZ cents, bringing the total dividend to 37 NZ cents per share.
