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Fonterra maintains earnings guidance despite coronavirus
Fonterra Cooperative Group has maintained its earnings guidance for the 2020 season, despite lower milk collection constraining supply due to dry conditions. The dairy producer reaffirmed December’s forecast farmgate milk price range at $7-to-7.60 per kilogram of milk solids and...
A2 eyes extra manufacturing capacity
A2 Milk lifted first-half profit 21.1 percent and said the scale of its infant nutrition business meant it is now looking at participating in additional manufacturing. It remained fairly sanguine about the impact of covid-19. Net profit rose to $184.9 million in the six months en...
Air NZ targets domestic, Tasman routes as earnings fall 8.8%
Air New Zealand said it will look to stoke demand on its domestic and trans-Tasman routes to counter the impact of the coronavirus outbreak on international demand.The airline reported pre-tax earnings before major items of $198 million in the six months ended Dec. 31, down 8.8 p...
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