Jeremy Hutton: Milford Asset Management Equities Analyst on Fletcher Building's multi-million dollar loss and projected outlook
Fletcher Building can expect a significant financial hit, after revealing they put another $180 million aside for repairs.
Costs have blown out on two big projects- Auckland's International Convention Centre and the Wellington International Airport Car Park.
Milford Asset Management's Jeremy Hutton says this cost blowout is putting a strain on Fletcher's balance.
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