‘Still work to do’: Peter McBride on Fonterra's performance

‘Still work to do’: Peter McBride on Fonterra's performance
Peter McBride. (Image: BusinessDesk)
Riley Kennedy
Fonterra’s strong financial position has been the culmination of years of “really hard work”, chair Peter McBride says.While its net profit and revenue slipped, the dairy giant surprised the market on Wednesday by declaring it would pay its second-largest dividend of 55 cents.That included a 40c final dividend and a special dividend of 15c.Its net debt dropped by $600 million over the year to $2.6 billion – in line with Forsyth Barr’s forecasts - with its gearing ratio of 24%.That’s compared to $5.2b net...

More Primary Sector

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
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