New Zealand's Fonterra to report wider annual loss, not pay dividend

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New Zealand's Fonterra to report wider annual loss, not pay dividend
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New Zealand's Fonterra , the world’s biggest dairy exporter, on Monday said...

FILE PHOTO: The Fonterra Te Rapa dairy factory is seen outside Hamilton March 30, 2016. REUTERS/Henning Gloystein

The dairy firm said it expects to report a statutory loss of NZ$590 million to NZ$675 million for the 12 months ended July 31, compared to a loss of NZ$196 million a year earlier.

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