Fonterra has reported strong interim earnings for the 2024-25 financial year, driven by its focus on value and financial performance.
The dairy cooperative achieved an operating profit of $1.1 billion, up 16% from the previous year, and a profit after tax of $729 million, an 8% increase.
Earnings per share were also higher, reaching 44 cents, a 10% rise.
However, the return on capital decreased to 10.2% from 13.4%.
Fonterra announced an interim dividend of 22 cents per share, which is fully imputed.
The company narrowed its forecast farmgate milk price range to $9.70-$10.30 per kg of milk solids and projected a 2.7% increase in milk collections for the year.
The full-year earnings range forecast was raised to 55-75 cents per share.
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