Fonterra claws back ground on the NZX

Thu, 03 Dec 2020

Units in the Fonterra Shareholders’ Fund will be in focus ahead of the company’s first-quarter business update tomorrow.The units have been clawing back ground as Fonterra’s bottom line continues to improve and are now up 9.3 percent over the past 12 months to $4.37.The dairy giant posted a full-year profit for the year to July 31 after two years of losses and resumed paying a dividend.Friday’s update is expected to be upbeat as the firm continues to weather any fallout from covid-19, in particular given the recover...

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