Fonterra says FY earnings will be in 'upper half' of range

(Image: NZME)

Fri, 21 Feb 2025

Fonterra Co-operative Group is more optimistic about its full-year earnings and has lifted its forecast milk collection.The dairy giant said its forecast earnings for the current financial year will be in the "upper half" of the 40-60 cent range per share.Preliminary results show it has had a strong first half, said chief executive Miles Hurrell.Prices slipped 0.6% in this week’s Global Dairy Trade auction. Whole milk powder has the biggest impact on Fonterra’s farmgate milk price, which dipped 0.2% to an average of U...

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