Fonterra expected to cream the 2024 year

The co-op's Whareroa site. (Image: Fonterra)

Mon, 23 Sep 2024

All eyes will be on Fonterra this week for more details about its progress in selling its consumer business.The dairy giant is set to report its results for the 12 months to the end of July this week, and the general consensus is that they will be strong.Forsyth Barr expects Fonterra’s strong earnings momentum to have continued.Fonterra signalled last month that its earnings per share would be at the top end of its 60 to 70 cents range.It moved its range from 50c to 65c less than three months beforehand, citing margin resilience in its co...

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