Fonterra announces FY23 Annual Results, strong full year dividend
Fonterra today announced its results for the financial year ending 31 July 2023, with full year reported earnings of 95 cents per share, reported profit after tax of $1.6 billion and a final 2022/23 season Farmgate Milk Price of $8.22 per kgMS.
Fonterra revises FY24 Forecast Farmgate Milk Price
Fonterra Co-operative Group Ltd today reduced its 2023/24 season forecast Farmgate Milk Price range from $7.25 - $8.75 per kgMS, with a midpoint of $8.00 per kgMS, to $6.25 - $7.75 per kgMS, with a midpoint of $7.00 per kgMS.
Fonterra increases emissions reduction ambitions
Fonterra has today announced a lift in its decarbonisation ambition with a new Scope 1&2 emissions reduction target which will be achieved by bringing forward some if its work to get out of coal.
Fonterra launches new nutrition science venture arm; announces first investment
Fonterra has today announced a new corporate ventures arm to incubate, scale and invest in ventures in the area of nutrition science.
Acting Fonterra COO announced
Fonterra has today announced Anna Palairet as acting Chief Operating Officer (COO) to replace current COO Fraser Whineray who is leaving the Co-op next month.
Fonterra updates Farmgate Milk Price, FY23 earnings guidance, and brings forward capital return payment date
Fonterra has today announced an opening 2023/24 season forecast Farmgate Milk Price of $7.25 to $8.75 per kgMS, with a midpoint of $8.00 per kgMS, updated its current season forecast Farmgate Milk Price, increased its full year earnings guidance, and brought forward the payment date of its proposed capital return.
Fonterra revises FY23 forecast Farmgate Milk Price
Fonterra Co-operative Group Ltd today revised its 2022/23 season forecast Farmgate Milk Price range from NZ$8.20 - $8.80 per kgMS to NZ$8.00 - $8.60 per kgMS.
Fonterra Completes Divestment of Chile Business
Fonterra has today completed the sale of its Chilean Soprole business to Gloria Foods - JORB S.A. (Gloria Foods).
Fonterra profit up 50% in FY23 Interim Results
Fonterra Co-operative Group Ltd today released its 2023 Interim Results which show the Co-op has delivered a half year Profit After Tax of $546 million, an earnings per share of 33 cents, and a decision to pay an interim dividend of 10 cents per share alongside a forecast Farmgate Milk Price range of $8.20 - $8.80 per kgMS.
