UPDATE 1-NZ’s Fletcher Building warns of $129 mln loss for 2020, supply chain challenges – Reuters

(Adds CEO comment, capex guidance and background of layoffs) Aug 11 (Reuters) – New Zealand’s Fletcher Building on Tuesday forecast its first annual net loss in two years and warned of persistent challenges across its supply chains in the year ahead due to disruptions caused by the coronavirus pandemic. The country’s largest construction firm expects…

UPDATE 1-NZ’s Fletcher Building warns of $129 mln loss for 2020, supply chain challenges – Reuters

(Adds CEO comment, capex guidance and background of layoffs) Aug 11 (Reuters) – New Zealand’s Fletcher Building on Tuesday forecast its first annual net loss in two years and warned of persistent challenges across its supply chains in the year ahead due to disruptions caused by the coronavirus pandemic. The country’s largest construction firm expects a net loss of NZ$196 million ($129 million) for the year ended 30 June, compared with a profit of NZ$164 million last year. “Through th
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