Aug 21 (Reuters) - New Zealand's home builder Fletcher Building Ltd FBU.NZ on Wednesday posted an annual net profit compared to a loss in the previous year, benefiting from higher demand for building products and distribution in its local market.
Net profit after tax for the year came in at NZ$164 million ($105.21 million), compared to a loss of NZ$190 million a year earlier.
($1 = 1.5588 New Zealand dollars)