Fonterra CFO addresses share price drop

Company News

by Rachael Jones

The Chief Financial Officer of New Zealand dairy co-operative Fonterra (ASX:FSF) Marc Rivers says nothing new has happened in its underlying business operations to cause the Fonterra share price to drop yesterday.

He says: “While the share price does not impact the Co-op’s balance sheet or our ability to operate and pay our bills, it does impact our farmers’ balance sheets."

He says they are doing everything they can to turn that performance around and are undergoing a full strategy review.

Shares in Fonterra (ASX:FSF)
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.