date:Mar 27, 2014
ear earnings to fall to around NZ$500 million-NZ$600 million from last year's NZ$1 billion.
Analysts said that the earnings fall reported on Wednesday showed that high dairy prices were hitting global operations.
They reported the higher input costs, or the milk price, through margin compression across their different businesses, ANZ rural economist Con Williams said.
The company faces a lawsuit from France's Danone, which is seeking compensation following last year's product recall. Fonterra