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29 Apr 2024 17:44
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  •   Home > News > Business

    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

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