Fonterra bombshell: $675m loss looms, no dividend
Fonterra is signalling a full-year loss of up to $675 million for 2018-19.
However, the latest noises from the whiners at Bitch & Complain (Fish & Game) made him laugh. The lobby group’s latest target of carping (bad pun intended) was not the farming sector as usual, but tourism. It claims the influx of tourists into NZ is ruining back-country fisheries – too many overseas fishers competing with locals, it says. Fair enough, your old mate thought; until he was informed that at the same time as Fish & Game is bemoaning too many overseas fishers coming to NZ, the lobby group is cashing in on the deal by hawking off non-resident fishing licences – at $165 a pop – to allow these international fishers the right to fish here.
