date:Sep 27, 2019
Fonterras FY19 annual results reveal a net loss after tax of NZ$605 million (US$381 million). The worlds biggest dairy exporter is now introducing a new customer-led operating model that aims to deliver a target of 50 NZ-cents per share in five years. The company also recognizes the growing market for new foods as a challenge, and will now supplement with non-dairy where it makes sense. Additionally, the co-operative will sell its 50 percent share of DFE Pharma for NZ$633 million, which combined