No surprises here, says Fonterra Shareholders' Fund
The fund's unit prices rose after Fonterra reported a $348 million loss before falling again today.
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Fonterra Shareholders’ Fund chairman John Shewan says the $348 million first-half loss announced this week by the dairy co-operative was “disappointing” but not unexpected.
The result was weighed down by a $405 million writedown on Fonterra’s 18.8% stake in troubled Chinese company Beingmate and
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Fiona Rotherham
Fri, 23 Mar 2018
Fri, 23 Mar 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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No surprises here, says Fonterra Shareholders' Fund
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