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Fletcher Building share trading halt to continue

Radio New Zealand logo Radio New Zealand 6 days ago

Fletcher Building's share trading halt is to continue until Wednesday as it reviews its building and interiors unit.

On Thursday, the company called for the halt of its shares and capital notes on the New Zealand and Australian stock exchanges.

The company said the review was part of the preparation of the group accounts for the six months ending 31 December.

The company also called for a trading halt in October last year, before slashing its full-year profit guidance as it revealed a $160 million loss in its building and interiors section.

The company's chief executive abruptly resigned in July last year.

Fletcher Building is the country's biggest construction company and has been under pressure as costs on major building projects have blown out.

For the year ended June last year, it reported a net loss of $292m.


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