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Fonterra reports losses, unveils simpler business strategy amid divestments
date:Sep 27, 2019
with other asset sales, will provide NZ$1 billion for debt reduction.

Normalized earnings before interest and tax (EBIT) were NZ$819 million, down 9 percent; free cashflow was NZ$1,095 million, up 83 percent; and the return on capital was 5.8 percent, down from 6.3 percent.

However, there were some successes. The gross margin from Fonterras largest business, New Zealand Ingredients, was NZ$1,332 million, up 3 percent on last year due to increased sales and price performance. Additionally, Fon

12/24 06:34