date:Aug 13, 2019
ll notes that, Our Australian Ingredients business is adapting to the new norm of continued drought, reduced domestic milk supply and aggressive competition in the Australian dairy industry. This includes closing our Dennington factory, which combined with writing off the goodwill in Australia Ingredients, results in a one-off impact of approximately NZ$70 million [this includes the NZ$50 million previously announced as part of the Dennington announcement].
Reassurance from the company
Were in