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24 Nov 2020 6:20
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  •   Home > News > Rural

    Fonterra's boss is determined to move forward - not back

    Fonterra's boss is determined to move forward - not back


    Fonterra
    Fonterra
    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.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     04 Nov: Dairy farmers are looking ahead - both for the environment, and their farms
     21 Oct: A challenging year ahead for beef and sheep farmers
     15 Oct: Fonterra's increased the mid-point of its forecast farmgate milk price range to $6.80 per kilos of Milk Solids, up from $6.40
     05 Oct: Dairy giant Fonterra's farm sales in China,don't mean it's pulling out of the market
     28 Sep: The bill to compensate Mid Canterbury farmers found with Mycoplasma bovis in their herds might be around 17-million dollars
     25 Sep: First there was Shrek the wooly sheep and now there's Mrs Gizzy Shrek
     19 Sep: The strategy reset at Fonterra is paying off, and farmers wallets will see the benefits
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