August 11, 2019 / 8:49 PM / a month ago

NZ's Fonterra to report bigger annual loss, not pay dividend

Aug 12 (Reuters) - New Zealand’s Fonterra, the world’s biggest dairy exporter, on Monday said it would not pay a dividend for fiscal 2019 and would report a wider annual loss due to a reduction in the value of its assets.

The dairy firm said it expects to report a statutory loss of NZ$590 million to NZ$675 million ($381.49 million to $436.46 million) for the 12 months ended July 31, compared to a loss of NZ$196 million a year earlier. ($1 = 1.5466 New Zealand dollars) (Reporting by Aditya Soni in Bengaluru Editing by Bill Rigby)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below