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Fletcher Building's loss 'underscores' sector's troubles

Author
Newstalk ZB,
Publish Date
Thu, 21 Aug 2025, 12:17pm
Photo / Natalie Slade
Photo / Natalie Slade

Fletcher Building's loss 'underscores' sector's troubles

Author
Newstalk ZB,
Publish Date
Thu, 21 Aug 2025, 12:17pm

It's been another tough year for Fletcher Building. 

The construction giant's announced a net loss of $419 million, compared to a loss of $227 million last year. 

It's pondering selling its residential and development division and continues to consider offers for its construction division and other subsidiaries. 

Building Industry Federation CEO Julian Leys told Ryan Bridge Fletcher’s loss underscores the broader downturn they’re seeing across the whole sector. 

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