Fletcher Building has posted a 71 per cent gain in full-year profit, driven by an improved performance in Australia and gains in its New Zealand distribution, residential and construction divisions.
Net profit rose to $462 million from $270m, the Auckland-based company has stated.. Total revenue gained 4 per cent to $9 billion. Operating earnings before interest and tax and excluding one-time items were $682m, within the company’s guidance range of $650m to $690m.
The Victorian Building Authority will take control of building practitioner registration and discipline, whilst new processes for building practitioner discipline and a prohibition on builders appointing private surveyors will come into play under new changes which will impact building industry regulation practices in Victoria. Read more