Financial Results     |   18 August 2021

Fletcher Building Industries (FBIL) announces 2021 Financial Results for the period ended 30 June 2021

Auckland, 18 August 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

Period ended 30 June 2021

Net Earnings after tax

$74.4 million

Net assets

$509.6 million

 

The net profit after tax of $74.4 million compares with a net profit after tax for the comparable previous period of $5.8 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.

Authorised by: Chris Reid, Company Secretary

For more information, please contact:

MEDIA INVESTORS AND ANALYSTS
Christian May
General Manager - Corporate Affairs
+64 21 305 398
christian.may@fbu.com
Aleida White
Head of Investor Relations
+64 21 155 8837
aledia.white@fbu.com