News | Rural
24 May 2024 21:47
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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
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