Fonterra stocks gain on strong earnings and outlook
Dairy co-op CEO Miles Hurrell looks forward to sales process for $3.4b Consumer unit ‘kicked off before Christmas’.
Fonterra chief executive Miles Hurrell.
The price of Fonterra shares and its associated listed fund units posted healthy gains after the dairy co-op announced a strong result and a positive outlook for next year.
Co-op shares, restricted to farmer suppliers, were up 6.9% to $3.74 by early afternoon, while units in the Fonterra
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