Fatter margins increase Fonterra's profit by 23%

Fatter margins increase Fonterra's profit by 23%
(Image: NZME)
Riley Kennedy
Fonterra Co-operative Group’s profit increased by 23% in the first half of the financial year due to higher margins in its food service and consumer business.Net profit was $674 million in the six months, with continuing operations earnings before interest and tax (Ebit) increasing 14% to $986m.Total revenue, however, fell 15% to $11.2 billion based on product prices in the ingredients channel.Sales volumes were up 1.3% to 1.7m metric tonnes, with gross margins increasing from 16.6% to 18.4%. The co-op maintained its forecast op...

More Primary Sector

Alliance Group on path back to profit
Primary Sector

Alliance Group on path back to profit

It now needs north of $200 million of capital to restore its balance sheet.

Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025