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Fletcher Building Announces Expected FY 2020 Annual Results

11 Aug 2020  |  07:37:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Fletcher Building announces expected FY20 annual results

Fletcher Building announced key aspects of its expected FY 2020 annual results, which will be released in full on 19 August 2020. The result is expected to be a net earnings loss for the year ended 30 June 2020 of $196m, due predominantly to the impacts of COVID-19. The Company has maintained a cash flow and balance sheet position through the COVID19 disruption. Operating cash flows in FY 2020 are expected to be $410m, supported particularly by effective working capital management.

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