UPDATE: Fonterra swings to FY net loss, looking to turn business around

Wed, 12 Sep 2018

(Updates to add detail throughout) By Rebecca Howard Sept. 13 (BusinessDesk) - Fonterra Cooperative Group said it is taking stock of its business, prioritising a return on capital and aiming to set realistic forecasts as it looks to turn the business around after a disappointing full-year loss that fell short of its guidance. “There’s no two ways about it, these results don’t meet the standards we need to live up to. In FY18, we did not meet the promises we made to farmers and unitholders,” interim chief executive Miles Hurrell said. ...

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