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23 May 2024 8:53
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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.

    © 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
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