Fonterra confirms new date for annual results

Dairy giant Fonterra has confirmed the new date for reporting its annual results, after delaying the announcement earlier this month.

The co-op was due to report its audited financial results for the 2019 financial year (FY19) ended 31 July 2019 on 12th September.

However, it delayed the announcement saying more time was needed to complete the financial statements.

The new date for reporting the financial results will be Thursday 26th September.

Fonterra would also release details of its new strategy on the same day.

The co-op earlier flagged a loss of up to $675 million due to write-downs on its assets, as it tries to turnaround its financial woes.