News | Rural
6 Dec 2019 15:51
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  •   Home > News > Rural

    Higher milk prices

    Higher milk prices, lower margins and higher debt could halve Fonterra's bottom line


    Fonterra
    Fonterra
    The dairy giant's expected to release its annual results this week.

    It follows a tumultuous year, with the co-operative counting the cost of the Beingmate write-down and the Danone settlement.

    Brokers Forsyth Barr estimates that Fonterra's net profit could be half that of last year.

    Senior analyst Chelsea Leadbetter says Fonterra is not the be all and end all anymore, and investors have other options.

    The results are due on Thursday.

    © 2019 Newstalk ZB, NZCity


     Other Rural News
     04 Dec: Dairy prices have fallen for the first time in three months
     20 Nov: Global dairy prices have risen 1.7 percent at Fonterra's latest overnight auction
     15 Nov: Fonterra's human resources manager has resigned after less than a year in the job
     06 Nov: Global dairy prices have risen 3.7-percent at Fonterra's latest overnight auction
     22 Oct: Good news for farmers from Fonterra this morning
     18 Oct: Trouble at Fonterra, but not of the financial kind this time
     17 Oct: Emergency services are trying to establish what caused a chemical explosion at a Fonterra plant north of Whangarei
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