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New Zealand’s Fonterra faces losses
date:Aug 13, 2019
g and is growing, the company says.

In its New Zealand consumer business, the compounding effect of operational challenges, along with a slower than planned recovery in its market share has resulted in Fonterra reassessing its future earnings. We are now rebuilding this business and, as part of this, have sold Tip Top which allows the team to focus on its core business. The combined impact is a write-down of approximately US$200 million (US$129 million), says Hurrell.

While in Australia, Hurre

12/25 07:51