Fonterra maintains guidance, leaves wide milk forecast

Brent Melville
Thu, 21 May 2020

Brent Melville
Thu, 21 May 2020
Fonterra says it remains on track to deliver on its forecast earnings guidance of 15 cents to 25 cents a share for the year, despite market challenges related to covid-19. The world’s fifth largest dairy company reported improved earnings figures for the third quarter today, and said it should deliver on its target for gross margin to rise $244 million on last year to $2.5 billion.  The co-op announced total group normalised earnings before interest and tax for the nine months to April 30 is at $815 million, an increase of $301 million ye...
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