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Jamie Mackay: The Country host on Fonterra posting an improved financial result
Manage episode 508350678 series 2098282
New Zealand's economy has been shrinking, but our largest company has seen profits surge.
Fonterra's announced a 13 percent rise in annual operating profit.
Its cash return to shareholders is up 30.6 percent, and its final farmgate milk payout to farmers has reached a new record high of $10.16 per kg of milk solids.
The Country's Jamie Mackay explains further.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
10783 episodes
Manage episode 508350678 series 2098282
New Zealand's economy has been shrinking, but our largest company has seen profits surge.
Fonterra's announced a 13 percent rise in annual operating profit.
Its cash return to shareholders is up 30.6 percent, and its final farmgate milk payout to farmers has reached a new record high of $10.16 per kg of milk solids.
The Country's Jamie Mackay explains further.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
10783 episodes
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