date:Aug 13, 2019
Monaghan said that in-light of the significant write-downs that reflect important accounting adjustments Fonterra needed to make, the Board had brought forward its decision on the full year dividend for FY19.
We have made the call not to pay a dividend for FY19. Our owners livelihoods were front of mind when making this decision and we are well aware of the challenging environment farmers are operating in at the moment, says Monaghan.
Ultimately, we are charged with acting in the best long-te