fletcher building ltd shares jumped about 60 in new zealand stock market trading after the construction company appeared on track to meet earnings targets despite pandemic disruptions the companys halfyear earnings report wednesday showed that it bounced back strongly in the octoberdecember quarter from a lengthy new zealand pandemic lockdown in the previous quarter helped by a home building boom it said it remains on track to meet its target of a 10 profit margin in its next financial year fletcher buildings shares were up 57 at nz664 they have fallen more than 90 so far this quarter alongside weakness in world stock markets chief executive ross taylor told a conference call that strong demand for new homes outstrips building industry capacity the backlog of construction work that will sustain the companys residential business for the current financial year and the next financial year mr taylor said pandemic disruptions also will diminish he said