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23 Oct 2020 21:16
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  •   Home > News > Rural

    Fonterra's boss says the company is on the home straight - when it comes to debt and earnings

    Fonterra's boss says the company is on the home straight - when it comes to debt and earnings


    Fonterra
    Fonterra
    It's reported a 659-million-dollar net profit for the 2019/2020 season, after a 605-million-dollar loss last year.

    The co-op's paying a final dividend of five cents per share and its farmgate milk price is seven-dollars-14 per kilogram of milk solids.

    Fonterra chief executive Miles Hurrell says they have a couple of asset sales that are still progressing - and he feels good about the momentum they've got on their earnings.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     21 Oct: A challenging year ahead for beef and sheep farmers
     15 Oct: Fonterra's increased the mid-point of its forecast farmgate milk price range to $6.80 per kilos of Milk Solids, up from $6.40
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     28 Sep: The bill to compensate Mid Canterbury farmers found with Mycoplasma bovis in their herds might be around 17-million dollars
     25 Sep: First there was Shrek the wooly sheep and now there's Mrs Gizzy Shrek
     19 Sep: The strategy reset at Fonterra is paying off, and farmers wallets will see the benefits
     19 Sep: An agricultural economist is relieved to see Fonterra back in the black
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