Financial Times on Fonterra – record annual loss

More info for NZD traders to ponder, this on New Zealand exporter Fonterra in the Financial Times

On the announcement earlier from the firm.
  • Fonterra, the world’s biggest dairy exporter, posted a record annual loss
  • will pay out less in dividend payments in future
  • net loss…  was at the lower end of the company’s previously forecasted range
  • second full-year loss in a row
  • record loss for its 2019 financial year
At the lower end of forecast range of loss is about the only positive in the saga.
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