Disappointment as Fletcher coy on cash payout
Market crabby over use of Formica sale proceeds.
Tim Hunter
Thu, 21 Feb 2019
Fletcher Building’s reluctance to confirm a return of capital when it completes the $1.2 billion sale of its Formica business was a major factor driving down its share price after the half-year result, analysts say.
Although Fletcher met profit guidance issued last November its shares slumped
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Tim Hunter
Thu, 21 Feb 2019
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