date:Sep 27, 2019
edients, Greater China Foodservice and Asia Foodservice all saw increasing gross margins.
As we do every year, we took a hard look at our asset valuations and future earnings potential. When it came to DPA Brazil, Fonterra Brands New Zealand and China Farms, we saw there were either some changes in their local economies, increased competition or business challenges impacting their forecast earnings. This meant we needed to reduce their carrying value, says Fonterra CEO Miles Hurrell.
A new st