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26 May 2024 17:40
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  •   Home > News > Rural

    As part of today's interim results, Fonterra confirmed an 800-million-dollar payout of 50 cents per share, subject to the sale of a business in Chile

    As part of today's interim results, Fonterra confirmed an 800-million-dollar payout of 50 cents per share, subject to the sale of a business in Chile


    Fonterra
    Fonterra
    Fonterra's been selling overseas assets, under chief executive Miles Hurrell's leadership, after global expansions didn't pan out.

    Hurrell says the sale's done - and they're just waiting for cash in the bank.

    He says the payout is in line with expectations so he's really pleased.

    Half-year profits have shot up to 546-million-dollars and there's an interim dividend of 10 cents.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     21 May: Farewell Anchor, Fresh'n Fruity and Mainland: what’s behind Fonterra’s decision to sell its consumer brands?
     17 May: Uncertainty around Fonterra's plan to sell well-known brand Anchor
     17 May: Fonterra's CEO says the co-op's decided to divest a number of overseas operations, for the good of the business
     23 Apr: Sheep farmers are being urged to hang on
     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
     Top Stories

    RUGBY RUGBY
    Finals footy awaits for the Highlanders, confirming their spot in the quarter-finals with a 39-3 romp over the Fijian Drua in Dunedin More...


    BUSINESS BUSINESS
    The Finance Minister is playing down any major surprises in this week's Budget More...



     Today's News

    Rugby:
    Finals footy awaits for the Highlanders, confirming their spot in the quarter-finals with a 39-3 romp over the Fijian Drua in Dunedin 17:27

    Business:
    The Finance Minister is playing down any major surprises in this week's Budget 17:27

    Rugby:
    The Southern Steel have leapt out to a surprise halftime lead over the Northern Mystics in netball's ANZ Premiership in Dunedin 16:57

    Rugby League:
    The Warriors have been forced into further changes to their matchday squad to face the Dolphins tonight at Mount Smart 16:57

    Basketball:
    A furious late rally has seen the Boston Celtics haul in the Indiana Pacers in game three of the NBA's eastern conference finals and move to within a win of making the Championship series 16:37

    International:
    British PM Rishi Sunak announces plan to bring back mandatory national service 16:17

    Law and Order:
    Its understood two men found motionless at the bottom of an Auckland central pool were deliberately holding their breath 16:17

    Politics:
    Labour says the Government's plan to increase teachers, won't go anywhere near as far as what they did 14:57

    Entertainment:
    US director Sean Baker's Anora wins Palme d'Or at 2024 Cannes Film Festival 14:07

    Environment:
    A strong earthquake struck the South Pacific Island nation of Vanuatu today, but there were no tsunami warnings or immediate reports of damage 13:47


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