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22 Oct 2021 6:01
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  •   Home > News > Rural

    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.

    © 2021 Newstalk ZB, NZCity

     Other Rural News
     07 Oct: Some good news could be on the way for dairy farmers
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     12 Sep: Farmers are excited at the prospect of converting to growing oats, but it will come down to what the yield per tonne price is
     08 Sep: Some good news for dairy farmers
     05 Jul: Changes to how Fonterra calculates the price of milk
     28 Jun: Fonterra has agreed to sell its two joint venture farms in China
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