Fonterra shrugs off supply chain disruption, boosts forecasts
Dairy cooperative’s CEO Miles Hurrell says there is still plenty of demand emerging from the Middle East.
Fonterra’s Auckland headquarters.
Dairy cooperative’s CEO Miles Hurrell says there is still plenty of demand emerging from the Middle East.
Fonterra’s Auckland headquarters.
Revenue: Up $1.3 billion to $13.9b for the six months to the end of January.
Profit: Increased to $750 million from $729m.
Main takeaway: The global dairy co-op is keenly watching developments in the Middle East.
Fonterra has shifted its full-year earnings guidance further towards the top end of its previous estimate despite the uncertainty created by conflict in the Middle East.
In announcing is half-year result for the six months to the end of January, the dairy cooperative said earnings from continuing
Sign up to get the latest stories and insights delivered to your inbox – free, every day.