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An announcement from Fletcher Building Limited ( (FRCEF) ) is now available.
Fletcher Building Limited reported a challenging first half of FY25, with revenue from continuing operations at $3,583 million, a 7% decrease from the previous period. The company faced difficult trading conditions, including a broad-based slowing of demand, intense competition, and inflationary pressures. Despite these challenges, Fletcher Building is making progress on key priorities, including governance restructuring, strategic reviews, and a cost reduction program. The residential sector in New Zealand saw declines, yet there were signs of improvement towards the end of the period.
More about Fletcher Building Limited
Fletcher Building Limited is a construction company based in Auckland, New Zealand. The company is involved in building and infrastructure sectors, focusing on the residential, commercial, and industrial markets in New Zealand and Australia.
YTD Price Performance: 1.49%
Average Trading Volume: 1,170
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.96B
Find detailed analytics on FRCEF stock on TipRanks’ Stock Analysis page.
