Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Clarification of reported losses by Nutricia ANZ and Danone

Clarification of reported losses by Nutricia ANZ and Parent Company Danone

Sydney, January 26 2014 - Nutricia regrets that a statement referred to in the recent financial report has caused confusion and inaccurate media reports.

By way of clarification, that report only refers to losses incurred as a result of New Zealand products recalled in New Zealand following the Fonterra botulism alarm. The figure does not include other losses incurred by Danone entities which also had to recall products across eight different countries.

Those entities received ingredients from Fonterra, and therefore had to recall suspected contaminated products.

During its last financial publication (October 16, 2013), Danone has stated that the incident will have a significant impact on its 2013 results, with full-year lost sales estimated at €350 million.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

f work for Pumpkin Patch staff

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news