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24 Nov 2020 6:19
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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
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     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
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