Fonterra omits interim dividend, sticks to full-year guidance
Carrie LaFrenzSenior reporter
Dual-listed Fonterra Co-operative Group cut its interim dividend around uncertainty of the impact COVID-19 could have on second half earnings but stuck to its full year earnings guidance.
While financial performance has improved with increased underlying earnings and reduced debt in the first half of 2020, the board of the world's biggest dairy exporter decided to omit the interim dividend.
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