September 17, 2019 / 1:14 AM / a month ago

New Zealand's Fonterra to report annual results Sept. 26 after delay

Sept 17 (Reuters) - New Zealand’s Fonterra, the world’s biggest dairy exporter, will report its delayed annual results on Sept. 26, the company said on Tuesday, after taking extra time to finalise sizable write-downs of overseas assets.

The dairy company is set to report its worst ever annual loss of as much as NZ$675 million ($428.22 million), with shareholders and analysts looking for a clear turnaround plan from the company.

Fonterra was originally slated to report on Sept. 12. ($1 = 1.5763 New Zealand dollars) (Reporting by Nikhil Kurian Nainan in BENGALURU; editing by Christian Schmollinger)

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