Aug 22 (Reuters) - New Zealand's Fletcher Building FBU.NZ on Wednesday posted an annual loss due to mounting costs at its commercial construction unit and impairment charges from the consolidation of its Australian operations.
The country's largest builder posted a net loss for the 12 months ending June 30 of NZ$190 million ($126.08 million), compared with a profit of NZ$94 million the previous year. Seven analysts polled by Thomson Reuters I/B/E/S expected a loss of NZ$120.61 million.
Excluding the building segment, earnings before income and tax came in at NZ$710 million, in the upper end of the company's forecast range between NZ$680-NZ$720 million. ($1 = 1.5069 New Zealand dollars)