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23 May 2024 8:58
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  •   Home > News > Rural

    Fonterra has big plans for the future

    Fonterra has big plans for the future


    Fonterra
    Fonterra
    It's made a 599 million dollar profit this financial year, 60 million dollars down on last time, which had been elevated by sales of shares in two companies.

    Shareholders will receive a 20 cents per share dividend.

    Chief financial officer Marc Rivers says Fonterra wants to return dividends of about a billion dollars by the 2024 financial year, by selling more innovative and profitable products.

    He says there's a lot of potential for the co-op and they're excited about the future.

    © 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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