Fletcher Building posted a 20 percent decline in full-year profit after taking $150 million of one-time charges for plant closures and impairments. Pretax earnings rose in line with guidance, driven by a strong New Zealand performance. Profit fell to $270 million in the year ended June 30, from $339 million a year earlier, the Auckland-based company said in a statement. Sales …

The Auditor-General is mounting a probe into the Saudi Arabian agri-hub created at a cost of $15.5 million to the taxpayer in 2013 as part of efforts to restore relations with Saudi Arabia after the New Zealand government confirmed a ban on live sheep shipments to the Arab nation. Among the four broad terms of reference of the inquiry will be “whether the …

Datacom, the privately-held IT services firm, surpassed Spark New Zealand as the country’s biggest information technology services provider, lifting annual revenue 6.3 percent in a growing footprint on both sides of the Tasman. Revenue rose to $937 million in the 12 months ended June 30 from $881 million a year earlier, the Wellington-based company said in a statement. Net profit …