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10 Aug 2022 20:24
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  •   Home > News > Rural

    Fonterra says not being a one trick pony ... has paid off

    Fonterra says not being a one trick pony ... has paid off


    Fonterra
    Fonterra
    The company's reported net profit dropped 22 percent, to 391 million, in the six months to January.

    Discounting last year's asset sales, the normalised figure was 418 million.

    Chief executive Miles Hurrell says the co-op's been differentiating its milk through innovation, sustainability and efficiency.

    He says this kind of diversification has been a real strength through Covid.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
     24 Jun: Farmers says a stock control bylaw being proposed by the Tasman District Council, will be impossible for farmers to comply with
     23 Jun: Fonterra has lifted its Farmgate Milk Price to a new record high
     22 Jun: Dairy prices have dipped 1.3 percent at the latest Global Dairy Trade auction overnight
     17 Jun: Fertiliser co-operative Ballance say they are beginning to produce their own fertiliser
     08 Jun: Fonterra is buying back 50 million dollars' worth of its own shares
     08 Jun: Fonterra has announced a 50-million dollar share buyback
     08 Jun: Dairy prices have risen in the first Global Dairy Trade auction of the new season
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