Fletcher announced a $134 million net loss after tax for the December 31, 2024 half-year, up on the previous $120m net loss.

Losses climbed partly due to the disastrous Perth leaky pipe problems after Fletcher’s Iplex finalised and signed a $170m provision in this 2025 financial year in what it called the Western Australian plumbing industry response.

Fletcher Building CEO Andrew Reding says many businesses are seeing early signs of recovery - but he's still apprehensive about the company's economic fate. 

LISTEN ABOVE

Fletcher announced a $134 million net loss after tax for the December 31, 2024 half-year, up on the previous $120m net loss.
Losses climbed partly due to the disastrous Perth leaky pipe problems after Fletcher’s Iplex finalised and signed a $170m provision in this 2025 financial year in what it called the Western Australian plumbing industry response.
Fletcher Building CEO Andrew Reding says many businesses are seeing early signs of recovery - but he's still apprehensive about the company's economic fate.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Andrew Reding: Fletcher Building CEO on the company's climbing losses

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/084db6dd-c4d5-411e-873a-b289006cd387/transcript