Westland Milk Products proposes new investment share for its farmer shareholders

Fri, 31 Oct 2014

By Fiona Rotherham Oct. 31 (BusinessDesk) - Westland Milk Products, New Zealand’s second biggest dairy cooperative, is proposing a new capital structure that would see its shareholder farmers issued with investment shares annually on top of the existing milk share. The move follows the Hokitika-based cooperative admitting it didn’t deliver an industry competitive result for shareholders in the 2013/2014 season. Westland reported record revenue of $830 million for the season, up 46 percent on the previous year but the $7.57 per kilogram of...

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