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13 Nov 2019 4:43
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  •   Home > News > Rural

    More unexpected news from Fonterra -- with the dairy co-cop deciding to delay the reporting of its audited financial results

    More unexpected news from Fonterra -- with the dairy co-cop deciding to delay the reporting of its audited financial results


    Fonterra
    Fonterra
    The reporting date has been delayed from next Thursday to no longer than the end of the month.

    It's also confirmed prior guidance that it expects to report a loss of 590 to 675 million dollars for the year to July, which is a 37 to 42 cent loss per share.

    The Business Herald's Duncan Bridgeman says this year's results are particularly complex.

    Fonterra says it needs extra time with its auditor to work through the nitty gritty in its accounts.

    © 2019 Newstalk ZB, NZCity


     Other Rural News
     06 Nov: Global dairy prices have risen 3.7-percent at Fonterra's latest overnight auction
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     16 Oct: Global dairy prices have edged up point-five-percent at Fonterra's latest overnight auction
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