Shares of New Zealand’s Fletcher Building (ASX:FBU) witnessed a fall of as much as 4.4% sinking to NZ$5.250, their lowest point since June 29.

The company recently announced a net profit after tax of NZ$235 million for the year ending June 30, marking a decrease from the NZ$432 million reported the previous year.

Fletcher Building’s revenue for the fiscal year stood at NZ$8,469 million, a slight drop from the NZ$8,498 million recorded a year prior.

Further, the company declared a fully imputed final dividend of 16 cents per share.

The stock, tracing its biggest intraday fall since August 8, is up 16.3% this year, as of its last close.

Fletcher Building (ASX:FBU) is a multinational corporation involved in building and construction.