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Reuters
Reuters
Business

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

FILE PHOTO: A Fonterra milk tanker drives past dairy cows as it arrives at Fonterra's Te Rapa plant near Hamilton, New Zealand August 6, 2013. REUTERS/Nigel Marple

(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 <FSF.NZ> <FCG.NZ> 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.

(Reporting by Nikhil Kurian Nainan in BENGALURU; editing by Christian Schmollinger)

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