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Shares in Fletcher Building Limited (ASX:FBU) tumbled more than 11 per cent this morning after the building and construction products provider issued a profit warning.
The New Zealand based company has blamed ongoing challenging trading conditions for an expected 10 per cent fall in its first half net earnings and a steady result for the full 2012 financial year.
In Australia, Fletcher has attributed a significant downturn in construction for the anticipated earnings decline.
Shares in Fletcher Building had tumbled 11.15 per cent this morning and were trading at $5.50.
In the 2011 financial year Fletcher Building posted a $225 million net profit.
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Last
$2.70 |
Change
0.030(1.12%) |
Mkt cap ! $2.902B | |||
| Open | High | Low | Value | Volume |
| $2.72 | $2.72 | $2.64 | $5.644M | 2.105M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5833 | $2.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.71 | 25301 | 5 |
View Market Depth
| Last trade - 16.11pm 30/06/2025 (20 minute delay) ? |
| FBU (ASX) Chart |