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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


    Fonterra
    Fonterra
    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
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