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23 May 2024 8:22
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  •   Home > News > Rural

    Fonterra says its stand-out market continues to be China

    Fonterra says its stand-out market continues to be China


    Fonterra
    Fonterra
    The dairy giant has posted normalised Earnings Before Interest and Tax of 684 million, up 17 percent, for the first six months of the financial year.

    In Greater China, Fonterra's normalised EBIT was 339 million dollars, a 38 percent increase.

    But the co-op says it's decided to sell-off the joint venture JV farms in China, by the end of this calendar year.

    CEO Miles Hurrell says it's in line with the strategy to focus on New Zealand milk.

    © 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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