Despite CEO Ross Taylor’s staunch defence of the company’s plumbing product, uncertainty remains about the causes and costs of a leaky pipe crisis in Australia.
Iplex Pro-fit piping, withdrawn from sale last year, has been blamed for a spate of leaks in Australian homes.
Despite Fletcher Building chief executive Ross Taylor firmly pinning the blame on plumbers for a leaky pipes crisis in Australia, analysts are not convinced the issue is going away any time soon.
After a trading halt was lifted yesterday, Fletcher shares sank 57c, or 12%, as the market reacted to
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