Fonterra Shareholders' Council says 2015 payout disappointing, 2016 looking better

Thu, 24 Sep 2015

By Fiona Rotherham Sept. 24 (BusinessDesk) - Fonterra Shareholders’ Council chairman Duncan Coull said the dairy company's final payout for the 2014/2105 season of $4.65 per kilogram of milk solids for fully shared up farmers is a disappointing result. Fonterra Cooperative Group reported a 183 percent rise in net profit to $506 million for the year ended July 31 after shifting its production mix to higher-margin products in a challenging year in which revenue fell 15 percent to $18.8 billion. Coull said while it was encouraging to see...

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