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Fonterra farmers get dividend boost

Co-op reports strong half-year result on higher margins in foodservice and consumer brands.

Fonterra said its new flexible share structure was attracting more supply from farmers.

NBR Staff Thu, 21 Mar 2024
Key points
  • Revenue: Down 10% to $11.09 billion.
  • Net profit: Up 23% to $674 million.
  • Key takeaway: Conditions expected to normalise in second half after strong first-half result.

Dairy co-op Fonterra has announced a 50% higher interim dividend for its farmer shareholders on the back of a strong profit result for the half year to January.

“I’m pleased to report we’ve continued the positive momentum seen in our earnings performance and delivered an interim dividend of 15

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NBR Staff Thu, 21 Mar 2024
Contact the Writer: editor@nbr.co.nz
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Key points
  • Revenue: Down 10% to $11.09 billion.
  • Net profit: Up 23% to $674 million.
  • Key takeaway: Conditions expected to normalise in second half after strong first-half result.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
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Daily High
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52 Week High
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Fonterra farmers get dividend boost
Investment,
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