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14 Dec 2019 17:28
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  •   Home > News > Rural

    Fonterra is back in the black

    Fonterra is back in the black


    Fonterra
    Fonterra
    The dairy giant has returned to profitability with a net profit after tax of 80-million dollars.

    That's up 123-percent on the previous year.

    Chief executive Miles Hurrell says the interim result is positive, but earnings aren't as high as they should be.

    Earnings before interest and tax fell 29-percent, to 323-million dollars.

    © 2019 Newstalk ZB, NZCity


     Other Rural News
     04 Dec: Dairy prices have fallen for the first time in three months
     20 Nov: Global dairy prices have risen 1.7 percent at Fonterra's latest overnight auction
     15 Nov: Fonterra's human resources manager has resigned after less than a year in the job
     06 Nov: Global dairy prices have risen 3.7-percent at Fonterra's latest overnight auction
     22 Oct: Good news for farmers from Fonterra this morning
     18 Oct: Trouble at Fonterra, but not of the financial kind this time
     17 Oct: Emergency services are trying to establish what caused a chemical explosion at a Fonterra plant north of Whangarei
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