Why Fonterra reckons a 2% profit increase is not bad
Fonterra reported a 2% rise in net profit for the half year while downgrading its earnings per share forecast for the full year.
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Stream returns* had a big impact on Fonterra Co-operative Group’s first-half profit announced today and will also be key to whether it achieves the target $6.40 payout to farmers for this season.
The dairy exporter downgraded its forecast for full-year earnings a share to a range of 45-55c while
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Fiona Rotherham
Wed, 22 Mar 2017
Wed, 22 Mar 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Why Fonterra reckons a 2% profit increase is not bad
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