Andrew Reding: Fletcher Building CEO on the company's climbing losses

from Best of Business · host Newstalk ZB

Fletcher announced a $134 million net loss after tax for the December 31, 2024 half-year, up on the previous $120m net loss. Losses climbed partly due to the disastrous Perth leaky pipe problems after Fletcher’s Iplex finalised and signed a $170m provision in this 2025 financial year in what it called the Western Australian plumbing industry response. Fletcher Building CEO Andrew Reding says many businesses are seeing early signs of recovery - but he's still apprehensive about the company's economic fate.  LISTEN ABOVESee omnystudio.com/listener for privacy information.

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