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19 Apr 2024 15:13
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      Home > News > Rural

    Fonterra's net profit is expected to fall by hundreds-of-millions of dollars this year

    Fonterra's net profit is expected to fall by hundreds-of-millions of dollars this year


    Fonterra
    Fonterra
    Forsyth Barr estimates net profit for the year to June will be 396-million dollars ... almost half that of the previous year.

    Mo Singh, from Craigs Investment Partners, says the dairy company has faced tough competition offshore.

    He says increased supply from the US and European markets is putting pressure on Fonterra's margin.

    The company will announce its annual result on Thursday.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
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     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
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