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Fonterra reports strong interim results for FY24

New Zealand dairy giant Fonterra has unveiled robust interim results for FY24, marked by a significant rise in profits and an enhanced dividend payout.

Fonterra reports strong earnings amid challenges in FY23

New Zealand dairy giant Fonterra announced its financial results for the fiscal year ending on 31 July 2023, with full-year earnings of 95 cents per share, with a profit after tax of $1.6 billion and a final Farmgate Milk Price of $8.22 per kgMS for the 2022/23 season. 

Fonterra launches nutrition science unit to strengthen manufacturing expertise, innovation

Fonterra has established a new corporate ventures arm to incubate, scale, and invest in global nutrition science startups in a push to maximise the value of its farmers' milk.

Fonterra raises earnings forecast, announces lower prices for next season

New Zealand dairy giant Fonterra raised its fiscal 2023 earnings forecast today amid ongoing strong margins in protein and cheese portfolio and said it expects to pay a lower price for milk to its farmers next season. 

Halo Food subsidiary inks manufacturing agreement with Fonterra

ASX-listed Halo Food Co. Limited announced that its wholly owned subsidiary Keytone Enterprises has signed a multi-million-dollar deal with Fonterra to manufacture milk powder stock keeping units (SKUs).

Fonterra says soaring cheese prices drove half year sales to $546m

New Zealand dairy giant Fonterra has reported a 50 per cent spike in its first-half profit, totalling NZD 546 million (AUD 506 million), owing mostly to favourable margins in the company’s cheese and protein portfolios. 

Fonterra wraps up sale of two China farming hubs

New Zealand dairy giant Fonterra has completed the sale of its two wholly owned China farming hubs in Ying and Yutians to Inner Mongolia...

Fonterra to close its Te Roto factory, 65 jobs on the line

Dairy giant Fonterra will scrap its specialty cheese manufacturing operation in Te Roto and move production to Elham as part of the planned consolidation...

Fonterra to reduce water use at six manufacturing sites

Fonterra has announced a new water-saving initiative that will slash the company’s water consumption by more than 3.4 billion liters of water every year. Fonterra...

Fonterra to close its factory in Dennington with loss of nearly 100 jobs

Fonterra has announced that it would be closing its Dennington site in Australia. The company, which reported a $15 billion revenue for the third quarter,...

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