Fonterra says no signs yet of loss of business, too soon to count cost

Thu, 08 Aug 2013

Aug 8 (BusinessDesk) – Fonterra Cooperative Group hasn’t seen any signs of customers reducing their business and says it is too soon to say whether the costs of dealing with the contamination will result in a charge against earnings. Chief executive Theo Spierings told a conference call today that with listed units on the NZX, Fonterra has obligations to disclose any significant financial impact. Major customers hadn’t signalled as yet any change in demand, he said. On the conference call chairman John Wilson fronted the media for the first...

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