Fletcher Building
 
 
 
 
 
This Section provides a range of information about Fletcher Building. Below is a financial summary of the latest period. For more detailed information go to Results & Reports.

Fletcher Building achieved operating earnings – that is earnings before interest and tax – of $768 million, and an increase on the $698 million of operating earnings on the same period in 2007, an increase of 10 percent.
  
     
 
12 Months to
June 2008
NZ$m
6 Months to
Dec 2007
NZ$m
12 Months to
June 2007
NZ$m
6 Months to
Dec 2006
NZ$m
 
Revenue
7,091
3,547
5,926
2,980
  
 
Net earnings before Unusual Items
467
235
399
193
  
 
EBIT before Unusual Items
768
394
703
340
  
 
*Updated for IFRS
 
 
 

Results Highlights

  • Operating earnings pre unusuals up 10 percent to a record $768 million.
  • Net earnings, excluding unusual items, up 17 percent to $467 million.
  • Final dividend of 24.5 cents per share with New Zealand and Australian tax credits giving a total dividend for the year of 48.5 cents per share.
  • Cashflow from operations was $434 million.
  • Interest cover at 7.1 times.
  • Basic earnings per share were 93.2 cents up from 84.0 cents, excluding unusuals in the previous year.
 
   
  
   
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