Fonterra reports increased net profit, interim dividend

Fonterra reports increased net profit, interim dividend
Demand is strong for quality products. (Image: NZME)
Riley Kennedy
Fonterra Co-operative Group has increased its profit after tax by 8% in the first half of its financial year.The dairy giant reported net profit of $729 million for the six months to January 31 with operating profit up 16% to $1.1 billion.It will pay an interim dividend of 22 cents per share – up from 15c last year – with return on capital at 10.2% for the period, down from 13.4%.It is the first result under the co-op's latest long-term strategy, which targets a return on capital of between 10% and 12% with an increased div...

More Primary Sector

Pāmu narrows profit forecast, expects record year
Primary Sector

Pāmu narrows profit forecast, expects record year

Its record year was foreshadowed last month. 

Riley Kennedy 24 Jul 2025
Northland targets $60b regional economy by 2050
Primary Sector

Northland targets $60b regional economy by 2050

The bullish goal represents a six-fold increase over 2024 figures.

Oliver Lewis 24 Jul 2025
Beefed-up tariffs on Brazil no threat to NZ’s pricing
Primary Sector

Beefed-up tariffs on Brazil no threat to NZ’s pricing

NZ is a high-value premium producer of beef, as opposed to Brazil.

Riley Kennedy 24 Jul 2025
NZ meat sector warns: Get on board or lose out
Primary Sector

NZ meat sector warns: Get on board or lose out

The EU's deforestation rules could result in a $200 million hit.

Riley Kennedy 23 Jul 2025