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19 Jul 2019 6:03
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  •   Home > News > Business

    Challenges in Fonterra's overseas investments are responsible for a drop in profits

    Challenges in Fonterra's overseas investments are responsible for a drop in profits


    Fonterra
    Fonterra
    The dairy giant's revenue for the nine months to 30 April was up one per cent on last year.

    However, earnings Before Tax and Interest were down nine per cent.

    Fonterra CEO, Marc Rivers, says the third quarter was good ... but not enough to give Fonterra confidence it could achieve what it needs to.

    He says the main drivers were the Latin America business and the headwinds in the Australian ingredients business, on the back of the drought.

    © 2019 Newstalk ZB, NZCity


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