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Fletcher Building Announces FY 2020 Annual Results

19 Aug 2020  |  07:34:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Fletcher Building confirms FY20 annual results

Fletcher Building announced its audited annual results, confirming a net earnings loss for the year ended 30 June 2020 (FY 2020) of $196m compared to a profit of $164m in the year ended 30 June 2019 (FY 2019). The Group also confirmed operating cash flows of $410m. The Net Loss After Tax is of $196m, compared to a profit of $164m in FY 2019. It noted balance sheet with liquidity of $1.6bn and net debt of $0.5bn. COVID-19 impact resulted in Q4 operating earnings of $50m, a $200m reduction on expected Q4 earnings.

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