REFILE-NZ's Fonterra lifts earnings outlook on strong consumer operations

Reuters
03-10
REFILE-NZ's Fonterra lifts earnings outlook on strong consumer operations

Corrects typo in first word of paragraph 1

March 10 (Reuters) - New Zealand's Fonterra FCG.NZ on Monday lifted its annual earnings expectations, reflecting robust volume and margin growth at the dairy giant's consumer channel operation.

Fonterra, one of the country's biggest listed firms, increased its full-year earnings outlook to 55-75 New Zealand cents per share from a previous estimate of 40-60 New Zealand cents apiece.

(Reporting by Kumar Tanishk in Bengaluru; Editing by Alison Williams)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

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