21 Nov 2012

Fletcher to grow earnings by cutting costs

7:16 am on 21 November 2012

Fletcher Building's new head plans to grow earnings by cutting costs, creating centres of excellence and stepping up the shift into the digital era.

New chief executive Mark Adamson says Fletcher Building's outlook is more positive than its competitors.

The company says building activity is gaining momentum in Christchurch and new house building has been improving in Auckland.

But housing consents in Australia have continued to decline, the commercial building market remains weak in Australasia, trading in Europe is still difficult and the firm's concerned about China's slowdown.

The company's share price rose 27 cents to $7.65 per share on Tuesday.