The fund declared it would raise the bottom range of its previously forecast earnings per share – from 20–35 cents per share up to 25–35 cents per share.
Words from the CEO
Fonterra CEO Miles Hurrell stated the move would provide more clarity on its full-year earnings guidance. The fund’s interim accounts are due for release on 17 March.
“That is why we have come out today with a narrower forecast earnings range of 25-35 cents per share, which still reflects the usual uncertainties we face over the…