Fonterra expects to meet upper half of fiscal 2025 forecast
The company hints at strong dividend
21 February 2025
1 minute read
By: New Zealand's Fonterra said on Friday that it expects earnings to meet the upper half of its forecast range of 40 to 60 New Zealand cents per share for the fiscal 2025, reported Reuters.
The dairy giant expects to be in a position to pay a strong interim dividend.
The dairy cooperative has also raised its projection for milk collection up to 1.51 billion kilograms of milk solids(kgMS) for the current season, citing favourable weather conditions.
"Fonterra's earnings and the forecast Farmgate Milk Price have both benefitted from solid demand for our high value Ingredients products, and our sales book is well contracted for the season," said chief executive officer Miles Hurrell.
