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News Fletcher Building net profit rises 51% to US$114m in first half of 2015 – 2016 year

Fletcher Building net profit rises 51% to US$114m in first half of 2015 – 2016 year

Written by Global Gypsum staff
19 February 2016
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New Zealand: Fletcher Building has reported that its net profit rose by 51% year-on-year to US$114m in the half year that ended on 31 December 2015 from US$75.6m in the same period in 2014. Its sales rose by 2.5% to US$2.94bn from US$2.87bn. It attributed this to growth in its building products and distribution businesses making up for weaker earnings from Formica and New Zealand housing developments.

Fletcher Building reported that gypsum wallboard volumes via its Building Products division rose by 9% in the half year. Volumes of performance board rose by 12%. Sales volumes of insulation rose by 12% in New Zealand and 9% in Australia. It noted that its market share has also improved in both insulation markets due to competitive pricing following the strengthening of the US Dollar.

Published in Global Gypsum News
Tagged under
  • Fletcher Building
  • New Zealand
  • Results
  • Australia

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