Fonterra defers full-year results

Thu, 05 Sep 2019

By Rebecca Howard Sept. 6 (BusinessDesk) - Fonterra Cooperative Group will now report its full-year result no later than Sept. 30 as it needs more time to complete its audited financial statements after significant write-downs. The company was previously slated to report on Sept. 12. Today it confirmed prior guidance that it expects to report a loss of $590-675 million for the year to July 31, which is a 37-42 cent loss per share. It also noted the numbers are subject to the board reviewing the full financial statements and to audit adj...

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