Fonterra to pay second largest dividend

Chief executive Miles Hurrell. (Image: NZME)

Wed, 25 Sep 2024

Fonterra Co-operative Group will pay out its second-largest dividend on record.The dairy giant reported its full-year results on Wednesday. The year's earnings were driven by higher margins and increased sales volumes in its food service and consumer channels.Its net profit for the year from continuing operations was $1.168 billion, equivalent to 70 cents per share.Earnings before interest and tax were $1.56b, down on the previous year, which benefitted from elevated price relativities.It reported a return on capital of 11.3% for the year....

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Property

Maria Slade: In defence of the villa

Removing protections from Auckland’s character homes won’t solve the housing crisis.

Maria Slade 5:00am

Technology

Creative HQ pushes startups out the door

The innovation hub's alumni companies are valued at an estimated $1.3b.

Greg Hurrell 5:00am

Creative HQ pushes startups out the door

Business

NZ agency Thompson Spencer enters Australia post-merger

More Australian offices and acquisitions could be on the cards, co-CEO says.

John Anthony 5:00am

NZ agency Thompson Spencer enters Australia post-merger

Sponsored

Bayleys Total Property Issue 3 out now

Backed by Bayleys’ national strength and global reach

Bayleys

Sponsored

Go beyond reporting zero emissions

Clean energy that helps businesses and communities thrive

Meridian Energy

More Primary Sector

Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025

Primary Sector

Urgent call for change in lagging agri-products approval pathway

But the regulators say changes are being made.

Riley Kennedy 17 Apr 2025

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

Primary Sector

Scott Technology's revenue drops 14%

Its long term strategy is not far away.

Riley Kennedy 16 Apr 2025

Fonterra to pay second largest dividend

More Primary Sector

Your company has a subscription

Team