Fletcher shares pummelled again
More bad news as company gives shareholders a message of renewal
Tim Hunter
Tue, 20 Nov 2018
As Fletcher Building’s shareholders listened to presentations at their annual meeting the value of their company sank more than 7%, wiping $350 million from its market capitalisation.
The culprit was a profit warning delivered before the meeting, indicating earnings before interest and tax
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Tim Hunter
Tue, 20 Nov 2018
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