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2 Jul 2025 12:24
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  •   Home > News > Rural

    Fonterra has big plans for the future

    Fonterra has big plans for the future


    Fonterra
    Fonterra
    It's made a 599 million dollar profit this financial year, 60 million dollars down on last time, which had been elevated by sales of shares in two companies.

    Shareholders will receive a 20 cents per share dividend.

    Chief financial officer Marc Rivers says Fonterra wants to return dividends of about a billion dollars by the 2024 financial year, by selling more innovative and profitable products.

    He says there's a lot of potential for the co-op and they're excited about the future.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     29 Jun: Dairy farmers are remaining optimistic, despite some road bumps
     04 Jun: Dairy prices are down 1.6 percent at the latest Global Dairy Trade auction
     29 May: Good news for Fonterra dairy farmers - accompanied by a "but"
     29 May: Fonterra's reporting a strong rise in profit, while warning of more global uncertainty on the horizon
     26 May: Farmers are sounding the alarm - warning the sheep industry is collapsing
     25 May: Strong global dairy commodity prices are expected to be good news for farmers this season
     22 May: New Zealand farmers are benefiting from a dairy renaissance
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