Displaying items by tag: Miles Hurrell

Fonterra has updated its plan to divest its global consumer business and integrated businesses, Fonterra Oceania and Fonterra Sri Lanka.

Fonterra has unveiled a net profit of $263 million for the first quarter of its 2024-25 financial year.

Fonterra leaders are making their case for offloading the co-operative's $3 billion consumer business, noting that its return on capital has been nowhere near respectable.

OPINION: Fonterra may have sold its dairy farms in China but the appetite for collaboration with the country remains strong.

OPINION: Fonterra deserves a pat on the back for delivering another solid set of financial results.

Fonterra has unveiled a revised strategy – to maximise farmgate milk price and setting higher targets for dividends and return on capital for shareholders and unit holders.

Fonterra has reported a net profit of $1.1 billion for financial year ending July 31, 2024.

Fonterra farmers have received several pieces of good news this morning.

Fonterra is investing $150 million on a new cool store at its Whareroa site in Taranaki.

Fonterra’s oldest milk processing site – at Edendale, Southland is getting a new $150 million UHT  cream plant.