Mark Lister: Craigs Investment Partners Investment Director on Fletcher Building's CEO and Chairman standing down after a $120 million net loss
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
Fletcher Building's chief executive and chairman are standing down after a worse than expected half year result.
The country's largest construction company has announced a $120-million net loss after tax in its interim result.
Ross Taylor and Bruce Hassall have confirmed they'll leave the company later this year.
Fletcher had been in a trading halt since Monday afternoon, pending the results.
Mark Lister from Craigs Investment Partners told Mike Hosking that unfortunately, this isn't the first time Fletcher has been in trouble.
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