Fonterra provides performance and milk price updates

Fonterra Co-operative Group Limited today announced its third-quarter business update, narrowed the range for its 2019/2020 forecast Farmgate Milk Price, and announced an opening forecast Farmgate Milk Price range for the 2020/2021 season. Third quarter summary – – – • Total Group Earnings Before Interest and Tax (EBIT): $1.1 billion, up from $378 million – • Total Group normalised EBIT: $815 million, up from $514 million – • Total Group normalised gross margin: $2.5 billion, up from $2.2…

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Source: WebWire
Fonterra provides performance and milk price updates