Ann: FLLYR: FBI: Fletcher Building Industries Full Year Results Announcement

• Release Date: 20/08/14 09:42
• Summary: FLLYR: FBI: Fletcher Building Industries Full Year Results Announcement
• Price Sensitive: No
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					FBI
20/08/2014 09:42
FLLYR

REL: 0942 HRS Fletcher Building Industries Limited

FLLYR: FBI: Fletcher Building Industries Full Year Results Announcement

Auckland, 20 August 2014 - 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.

The financial results for the year to 30 June 2014 are:

- Net profit after tax $35.8 million
- Net assets $257.8 million

The net profit after tax of $35.8 million compares with a net profit after
tax for the comparable previous period of $21.3 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
increase in the equity earnings reflects the strong activity levels
experienced across the New Zealand businesses.

The financial performance of the company should be considered in conjunction
with the financial statements of the Fletcher Building group.  The debt to
debt plus equity ratio of the Fletcher Building group is sound at 32.3 per
cent.

The company has operated in compliance with the terms of the Trust Deed under
which the capital notes were issued.

ENDS

For further information please contact:

Philip King
Group General Manager
Investor Relations & Capital Markets
Phone: + 64 9 525 9043
Mobile: + 64 27 444 0203
End CA:00254095 For:FBI    Type:FLLYR      Time:2014-08-20 09:42:22