Fonterra writes Australia down NZ$70m

Marian Macdonald
Updated August 12 2019 - 1:36pm, first published 8:30am
BIG LOSSES: Fonterra has released a statement writing down the value of its assets, including a $70 million writedown of the Australian ingredients business.
BIG LOSSES: Fonterra has released a statement writing down the value of its assets, including a $70 million writedown of the Australian ingredients business.

Fonterra will write down the value of its Australian ingredients business by NZ$70 million and its global business expects to make a NZ$590-675 million loss this year.

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Marian Macdonald

Marian Macdonald

National rural property writer

Writing for farmers in the Stock & Land, The Land, Queensland Country Life, Stock Journal and FarmWeekly, farming in Gippsland.

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