Fonterra margins under pressure ‘across the board’
CFO says debt covenants not an issue in milk price cut.
Tim Hunter
Fri, 10 Aug 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Lower-than-expected prices and sales volumes across its branded businesses are behind Fonterra’s profit warning, says chief financial officer Marc Rivers.
“Costs are not the surprise,” he said.
“It’s price and volume sales. Particularly it’s about price achievement across all of
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Tim Hunter
Fri, 10 Aug 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
