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Fonterra Co-operative Group Limited (NZX:FCG) has thinned its earnings guidance range, clarifying its expectations for the market and its shareholders.
- Previous guidance for earning was NZ$0.20 to NZ$0.35.
- The Co-op has lifted the lower band to NZ$0.25, reflecting that demand has remained strong for the Company’s products over H2FY21. The upper band of NZ$0.35 remains the same.
- The ten-cent range allows for any unexpected events before Fonterra release its interim report on 17 March.
On 25 February, at the time of writing, Fonterra Co-operative Group shares were trading at $5.04, increasing by 0.60%.