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. 

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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;
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With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/557c5776-c379-405c-815f-b289006cd253/transcript