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14 Nov 2019 19:03
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  •   Home > News > Rural

    Fonterra says it's working to get back in the black but it's taking time

    Fonterra says it's working to get back in the black but it's taking time


    Fonterra
    Fonterra
    The dairy giant's had a nine percent drop in profits for the nine months to April 30, compared to last year.

    Fonterra chief executive Miles Hurrell says the company will review two farm hubs in China - and its joint venture with Nestle in Brazil.

    It will also be closing its Dennington plant in Victoria, Australia.

    Hurrell says there will be ups and downs as Fonterra undertakes the strategic reviews to get the business in better shape.

    © 2019 Newstalk ZB, NZCity


     Other Rural News
     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
     16 Oct: Despite public perception - a dairy farmer says most farmers... are doing they best job they can
     16 Oct: Global dairy prices have edged up point-five-percent at Fonterra's latest overnight auction
     09 Oct: The Agriculture Minister says improving the performance of Fonterra is in everyone's interests
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