Fonterra's profit booms but pandemic dampens outlook

Marian Macdonald
March 18 2020 - 10:00am
FONTERRA FORTUNES: Fonterra has made massive financial gains in six months but is cautious about the future.
FONTERRA FORTUNES: Fonterra has made massive financial gains in six months but is cautious about the future.

New Zealand dairy giant, Fonterra Co-operative Group Limited, has announced a massive turnaround in its finances but it will not declare a dividend due to uncertainty created by COVID-19.

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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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