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14 Dec 2019 18:10
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  •   Home > News > Rural

    Problems across the ditch mean Fonterra isn't doing as well as it should

    Problems across the ditch mean Fonterra isn't doing as well as it should


    Fonterra
    Fonterra
    The dairy giant has announced a net profit after tax of 80-million dollars.

    Fonterra CFO Marc Rivers says it's good to see the Co-operative back in the black, but earnings are not where they should be.

    He says the Australia business had a very challenging first half, with gross margins down from 50 to eight million dollars.

    Rivers says this reflected lower milk collections, given the severe drought conditions, and the aggressive price competition.

    © 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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