Carl Taylor: Combined Building Supplies Co-op Chair on what Fletcher Building's poor results mean for the wider industry

Early Edition with Ryan Bridge

Fletcher Building's poor results are believed to be indicative of wider pain in the construction sector.

The company's half-year financial results painted a dire picture, with a $120-million net loss.

Chief Executive Ross Taylor announced his resignation yesterday alongside Chair Bruce Hassall.

Combined Building Supplies Co-op Chair Carl Taylor told Mike Hosking that the industry is hurting.

He says it is quiet out there, and their numbers are down too.

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