Fonterra margins under pressure ‘across the board’
CFO says debt covenants not an issue in milk price cut.
Tim Hunter Fri, 10 Aug 2018
Lower-than-expected prices and sales volumes across its branded businesses are behind Fonterra’s profit warning, says chief financial officer Marc Rivers.
“Costs are not the surprise,” he said.
“It’s price and volume sales. Particularly it’s about price achievement across all of
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