Fletcher: Global Turmoil Having Big Impact On Fletcher's Mkts
The company said its 12 months to June 30 ending net profit, excluding unusual items, could fall within a range of NZ$289 million to NZ$354 million "if current trading conditions were to be maintained throughout the remainder of the year."
Fletcher Building said the spread is not "unreasonable given the significant level of uncertainty in New Zealand and Australia and around the world."
In the previous fiscal year New Zealand's biggest building products maker reported a net profit of NZ$467 million, down from NZ$484 million a year earlier.
The company, however, said its intention is to maintain the annual dividends at current levels.
By Rebecca Howard, Dow Jones Newswires; 64-4-471-5990; rebecca.howard@dowjones.com
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(END) Dow Jones Newswires
November 11, 2008 16:41 ET (21:41 GMT)
Publié le 11 novembre 2008 Copyright © 2008 Dowjones
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