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16 Oct 2019 22:08
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  •   Home > News > Rural

    Fonterra's got more decisions to make, over how to improve its balance sheet

    Fonterra's got more decisions to make, over how to improve its balance sheet


    Fonterra
    Fonterra
    The dairy giant has reported a nine percent drop in profits for the nine months to the end of April, compared to same time last year.

    Fonterra CEO Miles Hurrell says they're reviewing their joint venture with Nestle in Brazil.

    JMI Wealth's Andrew Kelleher says the milk price is strong, but the wider business is in trouble.

    He says Fonterra bosses are dealing with some poor decisions made by the previous management.

    © 2019 Newstalk ZB, NZCity


     Other Rural News
     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
     08 Oct: Mercury's CEO is off to Fonterra
     08 Oct: A threat to meat and dairy farmers - and the national economy.
     02 Oct: Global dairy prices have risen slightly at Fonterra's latest overnight auction
     27 Sep: Shane Jones says Fonterra's executive needs to be pruned, as the dairy giant grapples with a 605-million-dollar loss
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