March 20, 2018 / 7:43 PM / 3 months ago

BRIEF-Fonterra Co-Operative Group Says H1 Normalised Net Profit After Tax NZ$248 Million

March 21 (Reuters) - Fonterra Co-Operative Group Ltd :

* INTERIM DIVIDEND 10 CENTS PER SHARE - TO BE PAID IN APRIL

* H1 NORMALISED NET PROFIT AFTER TAX (NPAT) $248 MILLION, DOWN 36% FROM 2017 INTERIM RESULTS

* BEINGMATE INVESTMENT IMPAIRMENT $405 MILLION

* FULL YEAR FORECAST DIVIDEND RANGE 25 - 35 CENTS PER SHARE

* TOTAL FORECAST CASH PAYOUT NZ$6.80 - NZ$6.90

* H1 NPAT $348 MILLION LOSS, DOWN 183% FROM 2017 INTERIM RESULTS

* “EXPECTS ITS EARNINGS TO BE WEIGHTED TO SECOND HALF OF YEAR”

* CO-OPERATIVE STILL EXPECTS ITS NEW ZEALAND MILK VOLUMES TO BE DOWN FOR YEAR

* ALL FIGURES IN NZ$ Source text for Eikon: Further company coverage:

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