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8 Dec 2021 19:54
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  •   Home > News > Rural

    Fonterra's happy it's further reduced debt

    Fonterra's happy it's further reduced debt


    Fonterra
    Fonterra
    It's made a 599 million dollar profit this financial year, 60 million dollars down on last time.

    The dairy giant says last year's results were boosted by selling shares in two companies.

    Farmers will get a final 2020-to-21 farmgate milk price of seven dollars.54 a kilo of milk solids, and shareholders a 20 cents per share dividend.

    CEO Miles Hurrell says it's shipped record volumes overseas despite the pandemic, and has continued to cut debt.

    © 2021 Newstalk ZB, NZCity

     Other Rural News
     08 Dec: Another day with good news for dairy farmers
     03 Dec: ???1;Another boost to the economy....from New Zealand's agriculture sector
     03 Dec: Fonterra has lifted its milk payment to farmers to a record level
     02 Dec: New Zealand cows produced record milk volumes last season ... even though there were fewer in the paddocks
     26 Oct: Increased forecast milk payments are a boost for farmers who still face other concerns
     26 Oct: Fonterra has upped its forecast pay-out to farmers, which is expected to pump 13 billion dollars into regional New Zealand
     26 Oct: Farmers are set to receive one of the largest payouts in Fonterra's history
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