News | Rural
23 Nov 2024 22:39
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  •   Home > News > Rural

    As part of today's interim results, Fonterra confirmed an 800-million-dollar payout of 50 cents per share, subject to the sale of a business in Chile

    As part of today's interim results, Fonterra confirmed an 800-million-dollar payout of 50 cents per share, subject to the sale of a business in Chile


    Fonterra
    Fonterra
    Fonterra's been selling overseas assets, under chief executive Miles Hurrell's leadership, after global expansions didn't pan out.

    Hurrell says the sale's done - and they're just waiting for cash in the bank.

    He says the payout is in line with expectations so he's really pleased.

    Half-year profits have shot up to 546-million-dollars and there's an interim dividend of 10 cents.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     20 Nov: Dairy prices have risen another 1.9 percent at this morning's Global Dairy Trade auction
     12 Nov: Another global dairy giant could take over some of Fonterra's most well-known brands
     11 Nov: Good news for Kiwi dairy farmers, and more could be on the way
     06 Nov: Some good news for dairy farmers in today's Global Dairy Trade auction
     22 Oct: A big player in the dairy industry both in New Zealand and abroad, Theo Spierings , has died
     30 Sep: Fonterra is being sued - accused of greenwashing
     30 Sep: Fonterra's released its latest revised strategy, that will see it focus on selling ingredients to businesses, rather than finished food products to consumers
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     Today's News

    International:
    Indonesian minister says Jakarta has agreed to return remaining Bali Nine members to Australia 21:57

    Business:
    Two people who share Division One's million dollar prize are tonight's biggest Lotto winners 21:56

    Accident and Emergency:
    A persons died and others were injured this afternoon in a three-vehicle crash on Waiotahe's State Highway 2 in Opotiki 21:27

    International:
    George Russell takes F1 Las Vegas Grand Prix pole and Max Verstappen starts ahead of Lando Norris 21:17

    Cricket:
    India's taken a 46-run lead into the second innings of the first cricket test in Perth, having dismissed Australia for a paltry 104 21:17

    Entertainment:
    Keke Palmer is living her life "on [her] own terms" 20:39

    Entertainment:
    Billie Eilish has been named as Apple Music's Artist of the Year 20:09

    Entertainment:
    Kristin Cavallari won't waste her time dating the wrong person 19:39

    International:
    Five remaining Bali Nine members could soon be transferred to Australia 19:37

    Entertainment:
    Boy George regrets being critical of Liam Payne before he passed away 19:09


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