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24 Nov 2020 13:15
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  •   Home > News > Rural

    More unexpected news from Fonterra -- with the dairy co-cop deciding to delay the reporting of its audited financial results

    More unexpected news from Fonterra -- with the dairy co-cop deciding to delay the reporting of its audited financial results


    Fonterra
    Fonterra
    The reporting date has been delayed from next Thursday to no longer than the end of the month.

    It's also confirmed prior guidance that it expects to report a loss of 590 to 675 million dollars for the year to July, which is a 37 to 42 cent loss per share.

    The Business Herald's Duncan Bridgeman says this year's results are particularly complex.

    Fonterra says it needs extra time with its auditor to work through the nitty gritty in its accounts.

    © 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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