News | Rural
23 May 2024 1:55
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  •   Home > News > Rural

    A good news day for Fonterra shareholders

    A good news day for Fonterra shareholders


    Fonterra
    Fonterra
    First half profit is up 23-percent due to higher margins in its food service and consumer business, and higher sales volumes.

    The interim dividend has risen from 10 to 15 cents per share.

    The Country's Jamie McKay says shareholders are going to get a good return on their investment.

    He says some wise dairy farmers have been buying up shares while they were cheaper, because they knew the return would be good.

    The forecast Farmgate Milk Price has narrowed, but the midpoint remains unchanged at 7-dollars-80.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     21 May: Farewell Anchor, Fresh'n Fruity and Mainland: what’s behind Fonterra’s decision to sell its consumer brands?
     17 May: Uncertainty around Fonterra's plan to sell well-known brand Anchor
     17 May: Fonterra's CEO says the co-op's decided to divest a number of overseas operations, for the good of the business
     23 Apr: Sheep farmers are being urged to hang on
     21 Mar: The boss of Fonterra is playing down concerns about the Chinese market
     21 Mar: Dairy farmers will be breathing a sigh of relief with Fonterra's latest results
     20 Mar: There's bad news for dairy farmers on the eve of Fonterra's half year results
     Top Stories

    RUGBY RUGBY
    The Crusaders are still without captain Scott Barrett but welcome back Ethan Blackadder and Levi Aumua from injury into the run-on side to face the Blues with prop Tamaiti Williams and midfielder Dallas McLeod on the bench More...


    BUSINESS BUSINESS
    Victims, families, communities – domestic violence has a price the entire nation pays for More...



     Today's News

    Rugby:
    The Crusaders are still without captain Scott Barrett but welcome back Ethan Blackadder and Levi Aumua from injury into the run-on side to face the Blues with prop Tamaiti Williams and midfielder Dallas McLeod on the bench 21:57

    Entertainment:
    Pierce Brosnan wondered "where the time goes" as he reflected on turning 71 21:36

    Rugby League:
    Warriors coach Andrew Webster's revealed he got offside with skipper Tohu Harris after refusing to let him play through a wrist injury against the Panthers 21:17

    Business:
    Victims, families, communities – domestic violence has a price the entire nation pays for 21:07

    Entertainment:
    Chris Pratt's daughters know "exactly what to do to control" him 21:06

    Entertainment:
    Jessica Biel thinks the "best thing" about being a mom is getting to play with her children 20:36

    Entertainment:
    Kevin Costner says he has "knocked on every boat in Cannes" in his fight to finance the second two parts of his epic new Western 20:06

    Entertainment:
    Travis Kelce says 'So High School' is his favourite track from Taylor Swift's new 'The Tortured Poets Department' album 19:36

    Entertainment:
    Nikki Glaser has slammed Ben Affleck for apparently not preparing for his stint on Tom Brady's roast 19:06

    Law and Order:
    Kiri Allan has been sentenced and convicted for the car crash that ended her political career 18:57


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