Fonterra predicts loss of $590-675m for yearChristian Fernsby ▼ | August 12, 2019
Fonterra has announced it expects to make a reported loss of $590-675 million this financial year, taking into account likely write-downs.
Fonterra The announcement comes in advance of the annual results
Fonterra chief executive Miles Hurrell said as a result, it would not pay a dividend for the 2019 financial year. This is a first for the co-op since 2001-2.
The write downs are on its operations in Brazil, China, Australia and New Zealand. ■