Rural Equities: Fonterra's increased payout forecast will be 'beneficial'

Rural Equities: Fonterra's increased payout forecast will be 'beneficial'
Rural Equities supplies Fonterra and Synlait. (Image: NZME)
Riley Kennedy
Rural Equities expects the rural property market to remain subdued but says the recent lift in Fonterra’s forecast payout will be beneficial.The farm investment group, majority owned by the Cushing family, reported a total comprehensive income of $2.7 million in the year ended June, up from $719,000 the year prior.The company, listed on the Unlisted Securities Exchange (USX), had operating earnings before interest and tax (ebit) of $7.6m, down from $8.1m the year prior.Rural Equities’ gain on milk price derivatives for the 12 months...

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Potential Mainland buyers may soon tap regulators
Primary Sector

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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
Scott Technology's revenue drops 14%
Primary Sector

Scott Technology's revenue drops 14%

Its long term strategy is not far away.

Riley Kennedy 16 Apr 2025