Tatua hikes payout as earnings keep growing

Thu, 01 Oct 2020

Tatua Cooperative Dairy reported record pre-tax earnings of $151 million before retentions for the 12 months ended July 21, up from $140 million a year earlier, as revenue rose 4.7 percent to $381 million.The cooperative processed 15.2 million kilograms of milk solids, up from 14.5 million kgMS in the 2019 season, and confirmed a cash payout of $8.70/kgMS, a 22 percent premium to the $7.14/kgMS paid to Fonterra suppliers and more than the $7.30/kgMS paid to Synlait Milk farmers. Tatua paid $8.50/kgMS in 2019.Tatua retained $19.1 million, or $1....

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