* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, October 19, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    CT Culture Corner: Robert Redford films to watch – CT Insider

    CT Culture Corner: Robert Redford films to watch – CT Insider

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Bella Thorne Shows Off Her Toned Abs in Crop Top – Yahoo

    Bella Thorne Shows Off Her Toned Abs in a Chic Crop Top

    Bricktown continues to thrive as OKC’s entertainment district – OKC VeloCity

    Bricktown Shines as Oklahoma City’s Premier Entertainment Hotspot

    This Haunting ‘60s Country Song Is Even More Tragic Than You Remember – Yahoo

    This Haunting ’60s Country Song Will Break Your Heart All Over Again

    Arts/Entertainment: ‘Wait Until Dark’ brings spooky season center stage – Times Herald Online

    Wait Until Dark’ Delivers Chilling Thrills Perfect for the Spooky Season

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    How a Gemma model helped discover a new potential cancer therapy pathway – blog.google

    How a Gemma Model Revealed a Breakthrough Pathway for Cancer Treatment

    Italian Technology in Manufacturing: Supporting North American Industries and Keeping Production Local – Thomasnet

    How Italian Technology is Revolutionizing North American Manufacturing and Boosting Local Production

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    DLG−Agrifuture Concept Winners 2025 announced – Visionary Ideas in agricultural technology recognized – TheNewsMarket

    Meet the Visionary Innovators Revolutionizing Agricultural Technology in 2025

    Spanning the Gulf: Global Defence Technology 155 – Army Technology

    Spanning the Gulf: Exploring Cutting-Edge Global Defence Technology

    A Nobel Prize for explaining when technology leads to growth – NPR

    Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    CT Culture Corner: Robert Redford films to watch – CT Insider

    CT Culture Corner: Robert Redford films to watch – CT Insider

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Bella Thorne Shows Off Her Toned Abs in Crop Top – Yahoo

    Bella Thorne Shows Off Her Toned Abs in a Chic Crop Top

    Bricktown continues to thrive as OKC’s entertainment district – OKC VeloCity

    Bricktown Shines as Oklahoma City’s Premier Entertainment Hotspot

    This Haunting ‘60s Country Song Is Even More Tragic Than You Remember – Yahoo

    This Haunting ’60s Country Song Will Break Your Heart All Over Again

    Arts/Entertainment: ‘Wait Until Dark’ brings spooky season center stage – Times Herald Online

    Wait Until Dark’ Delivers Chilling Thrills Perfect for the Spooky Season

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    How a Gemma model helped discover a new potential cancer therapy pathway – blog.google

    How a Gemma Model Revealed a Breakthrough Pathway for Cancer Treatment

    Italian Technology in Manufacturing: Supporting North American Industries and Keeping Production Local – Thomasnet

    How Italian Technology is Revolutionizing North American Manufacturing and Boosting Local Production

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    DLG−Agrifuture Concept Winners 2025 announced – Visionary Ideas in agricultural technology recognized – TheNewsMarket

    Meet the Visionary Innovators Revolutionizing Agricultural Technology in 2025

    Spanning the Gulf: Global Defence Technology 155 – Army Technology

    Spanning the Gulf: Exploring Cutting-Edge Global Defence Technology

    A Nobel Prize for explaining when technology leads to growth – NPR

    Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Fletcher Building cuts earnings guidance

June 24, 2023
in Business
Fletcher Building cuts earnings guidance
Share on FacebookShare on Twitter

Navigation for News Categories

Speaking on impact of SkyCity Convention Centre fire

File photo. Fletcher Building chief executive Ross Taylor.
Photo: RNZ / Cole Eastham-Farrelly

Fletcher Building has cut its earnings guidance because of a slowing economy and fall-off in house building.

The company is now forecasting full-year earnings before interest, tax and significant items of about $800 million compared with its February forecast of $800m-$855m, with the outcome dependent on market activity and house sales.

Chief executive Ross Taylor told an investor gathering the performance was solid, but the number of houses built – an earnings driver – is below target.

“We have seen market activity soften in the second half, along with the ongoing impact of wet weather. Our house sales in FY23 will be around 650 units, below our previous target but proving some resilience in a slow New Zealand housing market.

“In line with prior guidance, cash flows have been strong in the second half.”

He said the business was expecting further softening in the coming financial year.

“Our current outlook is for market volumes in our materials and distribution businesses to soften by a further about 8 percent, and we are targeting 700-800 house sales.

“Our legacy projects are nearing completion, with some risk still to manage as we close out claims, but our go-forward business is well-positioned with a more focused and lower-risk order book.”

Among the risks and possible claims detailed were around $100m for the just opened Puhoi-Warkworth over Covid-19-related delays; up to $50m relating to the fire-damaged International Convention Centre in Auckland, with a risk of a dispute also with Sky City; and a $40m claim being made by Wellington Airport about a car park project.

Get the RNZ app

for ad-free news and current affairs

Download from Apple App Store
Download from Google Play Store

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : RNZ – https://www.rnz.co.nz/news/business/492382/fletcher-building-cuts-earnings-guidance

Tags: buildingbusinessFletcher
Previous Post

Lofty valuations on US stocks a growing worry for investors

Next Post

Aotearoa group not appealing lost mānuka honey case

Advancing causal inference in ecology: Pathways for biodiversity change detection and attribution – besjournals

Unlocking Nature’s Secrets: Innovative Methods to Detect and Attribute Biodiversity Change

October 19, 2025
Scientists discover concerning phenomenon that could lead to disastrous storms: ‘Exposed to threats’ – Yahoo

Scientists Reveal Shocking Discovery That Could Spark Devastating Storms

October 19, 2025

Oliver Bogler: Tired of Brilliant Science Getting Lost in Confusing Presentations?

October 19, 2025
The Deceptively Simple Soup Gordon Ramsay Once Cooked For Anthony Bourdain – Yahoo

The Surprisingly Simple Soup Gordon Ramsay Created for Anthony Bourdain

October 19, 2025
How a Gemma model helped discover a new potential cancer therapy pathway – blog.google

How a Gemma Model Revealed a Breakthrough Pathway for Cancer Treatment

October 19, 2025
CAA Football Recap – Oct. 18 – Coastal Athletic Association (CAA

Exciting CAA Football Highlights You Can’t Miss – October 18 Recap

October 19, 2025
Previewing a Dodgers World Series with the Mariners or Blue Jays – MLB.com

Previewing a Dodgers World Series with the Mariners or Blue Jays – MLB.com

October 19, 2025
We look forward to expanding US investments in Egyptian economy: Kouchouk – Dailynewsegypt

Thrilling Prospects: US Boosts Investments to Energize Egypt’s Economy

October 19, 2025
Sabrina Carpenter Teases Tonight’s ‘SNL’ in Behind-the-Scenes Photos – Yahoo

Sabrina Carpenter Shares Exclusive Behind-the-Scenes Photos Ahead of Tonight’s ‘SNL’ Appearance

October 19, 2025
SGMC Health Foundation Receives $31K Georgia HEART Contribution from Lakeland Family Dentistry – SGMC Health

Lakeland Family Dentistry Champions Heart Health with $31K Donation to Georgia HEART Program

October 19, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (875)
  • Economy (896)
  • Entertainment (21,767)
  • General (17,680)
  • Health (9,937)
  • Lifestyle (909)
  • News (22,149)
  • People (897)
  • Politics (906)
  • Science (16,107)
  • Sports (21,396)
  • Technology (15,876)
  • World (879)

Recent News

Advancing causal inference in ecology: Pathways for biodiversity change detection and attribution – besjournals

Unlocking Nature’s Secrets: Innovative Methods to Detect and Attribute Biodiversity Change

October 19, 2025
Scientists discover concerning phenomenon that could lead to disastrous storms: ‘Exposed to threats’ – Yahoo

Scientists Reveal Shocking Discovery That Could Spark Devastating Storms

October 19, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version