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23 Feb 2026 16:00
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  •   Home > News > Business

    Fonterra's happy it's further reduced debt

    Fonterra's happy it's further reduced debt


    Fonterra
    Fonterra
    It's made a 599 million dollar profit this financial year, 60 million dollars down on last time.

    The dairy giant says last year's results were boosted by selling shares in two companies.

    Farmers will get a final 2020-to-21 farmgate milk price of seven dollars.54 a kilo of milk solids, and shareholders a 20 cents per share dividend.

    CEO Miles Hurrell says it's shipped record volumes overseas despite the pandemic, and has continued to cut debt.

    © 2026 Newstalk ZB, NZCity

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     Top Stories

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    Moana Pasifika are on the hunt for a new venue for their round nine Super Rugby match against the Chiefs More...


    BUSINESS BUSINESS
    A boost for the retail sector, as sales increase across the country More...



     Today's News

    Rugby:
    Moana Pasifika are on the hunt for a new venue for their round nine Super Rugby match against the Chiefs 15:57

    Law and Order:
    A 40-year-old woman's been summonsed to court under the Dog Control Act, in relation to a dog attack on Saturday that injured three people - one critically - in Christchurch's Bryndwr  15:27

    Accident and Emergency:
    Five hikers are lucky to be alive after a Mount Taranaki tramp yesterday 14:57

    National:
    In Emerald Fennel’s Wuthering Heights, domestic abuse has been recast as consensual kink 14:17

    Politics:
    Marshall Islands launches first universal basic income scheme to stop outward migration 14:17

    Motoring:
    A diesel spill where three-vehicles have crashed at Orewa, in Auckland's north - has closed northbound lanes on State Highway One, since about midday 13:47

    Motoring:
    Shane van Gisbergen has finished a creditable sixth in the latest drama-filled NASCAR race in Georgia 13:37

    Law and Order:
    A Te Kuiti man's admitted to killing his 10-month-old son on the first day of his High Court trial in Hamilton 13:27

    Motorsports:
    A red flag following an 11-car pile-up has turned the latest NASCAR race into an overtime shoot-out 13:07

    National:
    The work women do has changed. The case for pay equity in NZ hasn’t 13:07


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