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14 Dec 2019 18:14
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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.

    © 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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