Contributed by NAMPA / AFP.
Chairman of N. Zealand's Fletcher quits as losses mount
Wellington, Feb 13, 2018 (AFP) - The chairman of New Zealand's Fletcher Building resigned Wednesday amid rising losses at the South Pacific nation's largest construction firm.
Ralph Norris' departure came as Fletcher issued its fifth profit warning in a year, saying losses at its Building + Interiors (B+I) division had blown out to NZ$660 million ($480 million).
Norris said he understood shareholder's disappointment at the losses, whi ...