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Sam Trethewey: Milford Asset Management Portfolio Manager on Fletcher Building reporting a multi-million dollar net loss
Manage episode 435330829 series 2098282
A grim warning from New Zealand's largest construction company.
Fletcher Building is reporting a group net-loss-after-tax of $227 million dollars, following a $235 million profit last year.
Its residential building arm has been doing well, but it's had losses from its civil business Higgins and Australian plumbing company, Tradelink.
Milford Asset Management's Sam Trethewey unpacks a tough financial year for the construction sector.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
7370 episoade
Manage episode 435330829 series 2098282
A grim warning from New Zealand's largest construction company.
Fletcher Building is reporting a group net-loss-after-tax of $227 million dollars, following a $235 million profit last year.
Its residential building arm has been doing well, but it's had losses from its civil business Higgins and Australian plumbing company, Tradelink.
Milford Asset Management's Sam Trethewey unpacks a tough financial year for the construction sector.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
7370 episoade
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