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31 May 2020 23:17
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  •   Home > News > Rural

    Analysts saw today's bad news from Fonterra coming from a mile away

    Analysts saw today's bad news from Fonterra coming from a mile away


    Fonterra
    Fonterra
    The dairy giant won't pay a dividend for the year to end of July - anticipating a loss of up to 675-million-dollars this financial year.

    Craigs Investment Partners' Mark Lister says the co-operative's shares haven't taken a massive hit today, as analysts have been predicting this for a while.

    He says many saw the asset write-downs coming, and it's a continuation of Fonterra's weakness.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     29 May: Fonterra says its China dairy import volumes climbed 10.1 per cent in March after two consecutive months of declines
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     05 May: People made redundant from Covid 19 are the target of farmers with jobs to fill on dairy farms
     24 Apr: Dairy giant Fonterra is persisting with its fifteen to twenty cents share forecast in spite of Covid 19's impact on milk trading
     14 Apr: Dairy farmers are facing a dismal milk 5 dollars 60 a kilogram payout forecast next season - because of the coronavirus crisis
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