Fletcher Building predicts greater earnings

Fletcher Building is predicting a better earnings outlook for the next financial year.

This year's net earnings are up four percent to $339 million.

Chairman Ralph Waters says New Zealand has performed well, but the company's Australian operations have let the business down.

He says operating earnings, before significant items, is up 10 percent to $624 million.

"In terms of the earnings outlook for the 2015 financial year, our expectation is that operating earnings - that is earnings before interest, tax and significant items will be between $650 million and $690 million.