Primary Sector

Fonterra confident its got the strategy right

Rebecca Howard
Thu, 26 Sep 2019

By Rebecca Howard Sept. 26 (BusinessDesk) - Fonterra Cooperative Group reported its second loss in a row but is confident it now has its strategy right.   “We have a more focused business, we are clear about who we are, where we are going and where we can win,” said chief executive Miles Hurrell.  The Auckland-based cooperative posted a net loss attributable to shareholders of $557 million in the 12 months ended July 31, widening from its maiden loss of $221 million a year earlier. Revenue fell 1.5 percent to $20.11 billion, while i...

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