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22 Jul 2024 7:42
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  •   Home > News > Rural

    A good news day for Fonterra shareholders

    A good news day for Fonterra shareholders


    Fonterra
    Fonterra
    First half profit is up 23-percent due to higher margins in its food service and consumer business, and higher sales volumes.

    The interim dividend has risen from 10 to 15 cents per share.

    The Country's Jamie McKay says shareholders are going to get a good return on their investment.

    He says some wise dairy farmers have been buying up shares while they were cheaper, because they knew the return would be good.

    The forecast Farmgate Milk Price has narrowed, but the midpoint remains unchanged at 7-dollars-80.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     19 Jul: A batch of sesame seeds is being recalled due to risk of salmonella
     12 Jul: Dairy farmers are relieved Synlait milk will live to see another day, after winning shareholder approval to take out a 130-million dollar loan
     03 Jul: Belief dairy prices could still go up, despite prices falling in the latest Global Dairy Trade auction
     27 Jun: A tough time for dairy farmers with expenses up, and profits down
     05 Jun: Dairy prices are up another 1.7 percent in this morning's latest Global Dairy Trade auction
     29 May: Fonterra remains wary about the state of the global dairy market
     17 May: Uncertainty around Fonterra's plan to sell well-known brand Anchor
     Top Stories

    RUGBY RUGBY
    No preference of opponent for the Mystics in the elimination final of netball's ANZ Premiership More...


    BUSINESS BUSINESS
    Companies affected by the global IT outage, are unlikely to receive compensation More...



     Today's News

    Politics:
    Tamaki Makaurau MP Takutai Moana Natasha Kemp is taking a leave of absence to recover from kidney disease 5:37

    Rugby:
    No preference of opponent for the Mystics in the elimination final of netball's ANZ Premiership 4:37

    Business:
    Companies affected by the global IT outage, are unlikely to receive compensation 21:57

    Golf:
    Daniel Hillier's hoping the wind gods are again on his side in the final round of golf's Open Championship 21:17

    Politics:
    Olympic rower Mahe Drysdale has strengthened his lead in Tauranga's Mayoral race 18:57

    Politics:
    It could take up to two weeks to resolve 'teething issues' following CrowdStrike outage, Clare O'Neil says 18:37

    International:
    Nina Kennedy, Mackenzie Little and Oliver Hoare all win at the London Diamond League ahead of the Paris Olympics 18:17

    Rugby:
    Confirmation of a big move at Super Rugby level for an All Blacks star 18:07

    Basketball:
    To a double overtime thriller in the National Basketball League playoffs.. 18:07

    Basketball:
    A clutch three-pointer from Taranaki Airs guard Flynn Cameron has sent the first semifinal in the New Zealand National Basketball League to overtime in Christchurch 17:07


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