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23 May 2024 7:56
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  •   Home > News > Rural

    Fonterra says not being a one trick pony ... has paid off

    Fonterra says not being a one trick pony ... has paid off

    The company's reported net profit dropped 22 percent, to 391 million, in the six months to January.

    Discounting last year's asset sales, the normalised figure was 418 million.

    Chief executive Miles Hurrell says the co-op's been differentiating its milk through innovation, sustainability and efficiency.

    He says this kind of diversification has been a real strength through Covid.

    © 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

    Aaron Smith is backing Ardie Savea over Scott Barrett to replace Sam Cane as All Blacks captain More...

    Parts of our economy are continuing to provide inflation pressures for the Reserve Bank More...

     Today's News

    Law and Order:
    A Police manhunt is continuing, after an active shooter alert at a South Auckland hotel last night 7:47

    UK general election called for July 4, Prime Minister Rishi Sunak makes surprise early announcement 7:37

    Police and Coastguard volunteers will be training this evening in Wellington Harbour - to search for people when its dark outside 7:37

    Nina Dobrev has been hospitalised after suffering a bike accident 7:36

    About two thirds of local body leaders across the country want the Government to rethink changes to Maori wards 7:27

    Law and Order:
    Aaron Smith is backing Ardie Savea over Scott Barrett to replace Sam Cane as All Blacks captain 7:17

    Tetepare Island's people fled for mysterious reasons 200 years ago. Now their descendants are fighting to protect it 7:07

    Former All Blacks halfback Aaron Smith believes the country's selection eligibility laws will change within the next four years 7:07

    Jason Momoa has confirmed his relationship with Adria Arjona 7:06

    Shannen Doherty "doesn't regret" not returning for the series finale of 'Charmed' 6:36

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