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20 Apr 2024 17:36
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      Home > News > Rural

    Fonterra's net profit is expected to fall by hundreds-of-millions of dollars this year

    Fonterra's net profit is expected to fall by hundreds-of-millions of dollars this year


    Fonterra
    Fonterra
    Forsyth Barr estimates net profit for the year to June will be 396-million dollars ... almost half that of the previous year.

    Mo Singh, from Craigs Investment Partners, says the dairy company has faced tough competition offshore.

    He says increased supply from the US and European markets is putting pressure on Fonterra's margin.

    The company will announce its annual result on Thursday.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     21 Mar: The boss of Fonterra is playing down concerns about the Chinese market
     21 Mar: A good news day for Fonterra shareholders
     21 Mar: Dairy farmers will be breathing a sigh of relief with Fonterra's latest results
     20 Mar: There's bad news for dairy farmers on the eve of Fonterra's half year results -- with dairy prices dropping a further 2.8 percent at the latest Global Dairy Trade auction this morning
     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
     21 Feb: Dairy prices are up 0.5 percent at the latest Global Dairy Trade auction overnight
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