Miles Hurrell: Fonterra Confident in a Trade Deal with India
Source: en.edairynews.com
Fonterra reports an 8% increase in first-half net profit to $729 million, citing growth in revenue by 14%.
Fonterra, New Zealand's largest dairy cooperative, has reported an increase in its first-half net profit by 8%, reaching $729 million.
This impressive performance was supported by a 14% growth in revenue. In light of these figures, the cooperative has announced a dividend of 22 cents per share and set a forecast farmgate milk price at a midpoint of $10 per kilo.
Despite global economic challenges, Fonterra's strategic adjustments seem to be paying off, strengthening its financial stature and securing future growth prospects.
This impressive performance was supported by a 14% growth in revenue. In light of these figures, the cooperative has announced a dividend of 22 cents per share and set a forecast farmgate milk price at a midpoint of $10 per kilo.
Miles Hurrell, Chief Executive of Fonterra, remains optimistic about securing a trade deal with India, which could further bolster the company's market reach.
Despite global economic challenges, Fonterra's strategic adjustments seem to be paying off, strengthening its financial stature and securing future growth prospects.
