{"id":79840,"date":"2018-02-14T03:21:28","date_gmt":"2018-02-13T20:21:28","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/fletcher-building-unit-lost-nearly-a-billion-dollars-in-last-two-years\/"},"modified":"2018-02-14T06:08:08","modified_gmt":"2018-02-13T23:08:08","slug":"fletcher-building-unit-lost-nearly-a-billion-dollars-in-last-two-years","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fletcher-building-unit-lost-nearly-a-billion-dollars-in-last-two-years\/","title":{"rendered":"Fletcher Building unit lost nearly a billion dollars in last two years"},"content":{"rendered":"<p>&#013;<br \/>\nA troubled Fletcher Building unit will lose almost a $1 billion in a two-year period, the company&#8217;s chief financial officer Bevan McKenzie said this morning.Difficult construction contracts caused losses in the Buildings + Interiors&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : nzherald.co.nz\/Property&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.nzherald.co.nz\/property\/news\/article.cfm?c_id=8&amp;objectid=11994098&amp;ref=rss\" target=\"_blank\">Fletcher Building unit lost nearly a billion dollars in last two years<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; A troubled Fletcher Building unit will lose almost a $1 billion in a two-year period,&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-79840","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-kLK","jetpack-related-posts":[{"id":147074,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-insider-connaught-unit-owners-levied-46m-for-re-clad-repairs-seascape-fight-over-delays-as-well-as-money-fletcher-living-launches-new-700m-scheme-the-hill\/","url_meta":{"origin":79840,"position":0},"title":"Property Insider: Connaught unit owners levied $46m for re-clad, repairs; Seascape fight over delays as well as money; Fletcher Living launches new $700m scheme The Hill","date":"September 17, 2024","format":false,"excerpt":"\r An owner of a two-bedroom unit wanted only $179,000: faced a massive $446,000 repair bill.\r \r Source : nzherald.co.nz\/Property\r Read more...Property Insider: Connaught unit owners levied m for re-clad, repairs; Seascape fight over delays as well as money; Fletcher Living launches new 0m scheme The Hill","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86519,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fletcher-building-to-reveal-staff-cuts-soon-ceo\/","url_meta":{"origin":79840,"position":1},"title":"Fletcher Building to reveal staff cuts soon: CEO","date":"April 26, 2018","format":false,"excerpt":"\r Fletcher Building will announce job losses in the coming weeks, following the disastrous $952 million of losses in its Building + Interiors unit due to major New Zealand construction project problems.Ross Taylor, chief executive,...\r \r Source : nzherald.co.nz\/Property\r Read more...Fletcher Building to reveal staff cuts soon: CEO","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79898,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/finance-experts-worry-could-it-get-worse-for-fletcher\/","url_meta":{"origin":79840,"position":2},"title":"Finance experts worry: could it get worse for Fletcher?","date":"February 15, 2018","format":false,"excerpt":"\r Finance experts fear more red ink from Fletcher Building - on top of the $952m of expected losses from a troubled business unit over the past two years.Matthew Goodson, managing director of Salt Funds Management, questioned yesterday...\r \r Source : nzherald.co.nz\/Property\r Read more...Finance experts worry: could it get worse\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79894,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/finance-experts-worry-about-fletcher-building-could-it-get-worse\/","url_meta":{"origin":79840,"position":3},"title":"Finance experts worry about Fletcher Building: could it get worse?","date":"February 15, 2018","format":false,"excerpt":"\r Finance experts fear more red ink from Fletcher Building - on top of the $952m of expected losses from a troubled business unit over the past two years.Matthew Goodson, managing director of Salt Funds Management, questioned yesterday...\r \r Source : nzherald.co.nz\/Property\r Read more...Finance experts worry about Fletcher Building: could\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102379,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fletcher-does-something-right-for-a-change-investment-community-welcomes-1-2b-formica-sale\/","url_meta":{"origin":79840,"position":4},"title":"&#039;Fletcher does something right for a change&#039; &#8211; investment community welcomes $1.2b Formica sale","date":"December 19, 2018","format":false,"excerpt":"\r The investment community welcomed Fletcher Building's announcement of talks with Broadview to sell laminated and composite business Formica for $1.2 billion, with one specialist headlining a note 'Fletcher does something right for...\r \r Source : nzherald.co.nz\/Property\r Read more...'Fletcher does something right for a change' - investment community welcomes .2b\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fletcher-building-in-red-posts-190m-loss\/","url_meta":{"origin":79840,"position":5},"title":"Fletcher Building in red, posts $190m loss","date":"August 22, 2018","format":false,"excerpt":"\r Fletcher Building has made a $190 million loss, only the second time since listing on the NZX in 2001 that it has lost money. The company with a market capitalisation of $5.8 billion released its annual result for the June 30, 2018...\r \r Source : nzherald.co.nz\/Property\r Read more...Fletcher Building\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/79840"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=79840"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/79840\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=79840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=79840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=79840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}