Huntleys' Stock of the Week
Marketplace
Fletcher Building Provides Chairman's Address to AGM
Wednesday November 11, 2009, 8:24 am

Original Announcement: Fletcher Building Limited 2009 ASM - Chairman Speech

Fletcher Building provided its Chairman's address to the Company's Annual General Meeting. The Chairman reported that total revenues were NZ$7.1bn; cashflow from operations increased by 23% to NZ$533m; additional equity of NZ$526m was raised by a share placement to institutional investors, with the proceeds used to repay group borrowings; total dividends were 38 cents/share and total shareholder return was 14.1%. The Chairman also reported that much of the company's restructuring and capacity reduction activities have been completed, in particular, two uneconomic Laminex plants have been closed, and actions to reduce capacity at the Formica plant in Bilbao in Spain are underway.

More information about FBU.AX
  •   

    • Copyright © 2010 Yahoo! Pty Limited. All rights reserved.
    Advertise with Us - Privacy Policy - Terms of Service - Help