News | Business
2 Oct 2020 9:06
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   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.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     02 Oct: The financial watchdog is keeping a close eye on the fees being charged by KiwiSaver providers
     02 Oct: Auckland Transport's annual report shows they've made huge strides despite Covid-19
     02 Oct: A former reserve bank governor thinks our economy is going to be okay
     01 Oct: The Green Party is promising to make tech and the internet accessible to all ... if it's re-elected
     01 Oct: The assumption New Zealanders are flooding back from overseas - is a myth
     01 Oct: Business activity indicators still aren't strong -- despite business confidence being the highest since March
     01 Oct: Auckland's harbour bridge woes prove we need to plan now for the super city's future..
     Top Stories

    RUGBY RUGBY
    They're not minutes, they're notes More...


    BUSINESS BUSINESS
    The financial watchdog is keeping a close eye on the fees being charged by KiwiSaver providers More...



     Today's News

    Business:
    The financial watchdog is keeping a close eye on the fees being charged by KiwiSaver providers 8:57

    Entertainment:
    Sir Michael Palin says there should be no limits to comedy 8:56

    International:
    Coronavirus takes a back seat ahead of New Caledonia's second independence referendum 8:47

    Entertainment:
    Meghan McCain has given birth to a baby girl 8:26

    Rugby:
    They're not minutes, they're notes 8:17

    Education:
    Students are being taught in the staff room of an Auckland primary school which is scrambling for space 8:07

    Business:
    Auckland Transport's annual report shows they've made huge strides despite Covid-19 8:07

    Living & Travel:
    Thrill seekers in Canterbury will soon be able to ride a boat more often found on the swamps of the Florida Everglades 7:57

    Entertainment:
    Naya Rivera's sister is "showing up" for her nephew 7:56

    Rugby League:
    Cronulla and Kiwis second-rower Briton Nikora is relishing a second straight trip to the NRL finals in as many years 7:47


     News Search






    Power Search


    © 2020 New Zealand City Ltd