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29 Mar 2024 9:37
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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.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     21 Mar: The boss of Fonterra is playing down concerns about the Chinese market
     21 Mar: A good news day for Fonterra shareholders
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     20 Mar: There's bad news for dairy farmers on the eve of Fonterra's half year results -- with dairy prices dropping a further 2.8 percent at the latest Global Dairy Trade auction this morning
     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
     21 Feb: Dairy prices are up 0.5 percent at the latest Global Dairy Trade auction overnight
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