Fonterra securities halted from trading as 2018 earnings under scrutiny

Thu, 09 Aug 2018

By Tina Morrison Aug. 9 (BusinessDesk) - Fonterra Cooperative Group's 2018 earnings may differ from its previous guidance, the country's dominant dairy company said today. Its securities trading on the NZX and ASX have been halted while it crunches the numbers, with an update expected tomorrow. In March, Fonterra posted a first-half net loss of $348 million due to a $405 million write down of its 18.8 percent investment in Chinese infant milk formula company Beingmate and a $183 million settlement with Danone following their dispute over...

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