Mark Lister: Craigs Investment Partners Investment Director on Fletcher Building's CEO and Chairman standing down after a $120 million net loss

Fletcher Building's chief executive and chairman are standing down after a worse than expected half year result.  The country's largest construction company has announced a $120-million net loss after tax in its interim result.  Ross Taylor and Bruce Hassall have confirmed they'll leave the company later this year.  Fletcher had been in a trading halt since Monday afternoon, pending the results.  Mark Lister from Craigs Investment Partners told Mike Hosking that unfortunately, this isn't the first time Fletcher has been in trouble.  LISTEN ABOVE   See omnystudio.com/listener for privacy information.