The company's anticipating a loss of up to 675-million-dollars this financial year, after writing down under-performing overseas assets.
It's reviewing its business - and looking to cut debt by 800-million-dollars this year.
It's decided not to pay a dividend for the year to end of July.
CEO Miles Hurrell says they're focusing on the company's basic values - which is New Zealand milk, and sustainability - and delivering that to the world.
