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Fletcher Building Industries Limited — Earnings Release 2021
Feb 16, 2021
66192_rns_2021-02-17_0bc0d0a2-4c3a-4a0d-9163-8fa60f474e93.pdf
Earnings Release
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Fletcher Building Industries Limited
Financial results for the period ended 31 December 2020
Auckland, 17 February 2021: Fletcher Building Industries Limited (the Company) is a wholly-owned subsidiary of Fletcher Building Limited, and is the issuer of capital notes, which are guaranteed by Fletcher Building Limited on an unsecured subordinated basis.
Financial results
Net earnings after tax Net assets
Period ended 31 December 2020
$45.1 million $479.3 million
The net profit after tax of $45.1 million compares with a net profit after tax for the comparable previous period of $25.7 million. As the Company owns 20 per cent of the shares in Fletcher Building Holdings New Zealand Limited, which in turn owns the shares in Fletcher Building’s New Zealand operating subsidiaries, its investment in that Company is equity accounted.
The financial performance of the Company should be considered in conjunction with the financial statements of the Fletcher Building Group, including the Group’s assessment of the preparation of the financial statements as a going concern.
The Company has operated in compliance with the terms of the Trust Deed under which the capital notes were issued.
#Ends
Authorised by Chris Reid Company Secretary
For further information please contact:
Fletcher Building Industries Limited, Private Bag 92114, Auckland 1142, 810 Great South Road, Penrose, Auckland 1061, New Zealand
MEDIA
Christian May General Manager – Corporate Affairs +64 21 305 398 [email protected]
INVESTORS AND ANALYSTS Aleida White Head of Investor Relations +64 21 155 8837 [email protected]
Fletcher Building Industries Limited, Private Bag 92114, Auckland 1142, 810 Great South Road, Penrose, Auckland 1061, New Zealand