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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