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22 Oct 2021 7:53
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  •   Home > News > Rural

    Fonterra has big plans for the future

    Fonterra has big plans for the future


    Fonterra
    Fonterra
    It's made a 599 million dollar profit this financial year, 60 million dollars down on last time, which had been elevated by sales of shares in two companies.

    Shareholders will receive a 20 cents per share dividend.

    Chief financial officer Marc Rivers says Fonterra wants to return dividends of about a billion dollars by the 2024 financial year, by selling more innovative and profitable products.

    He says there's a lot of potential for the co-op and they're excited about the future.

    © 2021 Newstalk ZB, NZCity

     Other Rural News
     07 Oct: Some good news could be on the way for dairy farmers
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     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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