News | Rural
28 Mar 2024 22:44
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  •   Home > News > Rural

    Fonterra's made a half year after tax profit of 364-million dollars, down 27 million on the same time last year

    Fonterra's made a half year after tax profit of 364-million dollars, down 27 million on the same time last year


    Fonterra
    Fonterra
    The forecast record high farmgate milk price remains unchanged at $9.30 to $9.90 per kilogram of milk solids, which will inject 14 billion dollars into the economy.

    Fonterra CEO Miles Hurrell says the higher milk price has put pressure on margins and the impact of Covid-19 is being felt in many markets.

    He says lower New Zealand milk collections reduced total production, which impacted overall sales volumes.

    Shareholders will receive an interim dividend of five cents per share.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     21 Mar: The boss of Fonterra is playing down concerns about the Chinese market
     21 Mar: A good news day for Fonterra shareholders
     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 -- with dairy prices dropping a further 2.8 percent at the latest Global Dairy Trade auction this morning
     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
     21 Feb: Dairy prices are up 0.5 percent at the latest Global Dairy Trade auction overnight
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