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Milford Asset Management expert: What can Fletcher Building expect following their multi-million dollar loss?

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Newstalk ZB,
Publish Date
Wed, 7 Feb 2024, 8:44pm
Photo/ NZ Herald
Photo/ NZ Herald

Milford Asset Management expert: What can Fletcher Building expect following their multi-million dollar loss?

Author
Newstalk ZB,
Publish Date
Wed, 7 Feb 2024, 8:44pm

Fletcher Building can expect a significant financial hit, after revealing they put another $180 million aside for repairs.

Costs have blown out on two big projects- Auckland's International Convention Centre and the Wellington International Airport Car Park.

Milford Asset Management's Jeremy Hutton says this cost blowout is putting a strain on Fletcher's balance.

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