Fonterra maintains guidance, leaves wide milk forecast

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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