Fletcher Building has just released its market announcement. Further provisional losses of $486m have been announced from the Buildings and Interiors business, "leading to a total projected loss of $660m. Fletcher Building chairman announces he will step down no later than the 2018 annual shareholders meeting. "Earnings guidance for the Fletcher Building group excluding B+I remains $680 million to $720 million as announced in October." "Our absolute focus is finishing our remaining B+I projects within these provisions and to a high quality for our customers.

Source: Otago Daily Times February 13, 2018 19:41 UTC