Fonterra upgrades full-year earnings forecast

Fonterra upgrades full-year earnings forecast

Fonterra announced interim FY2023 results, upgrading its top and bottom end range for its full year forecast earnings by NZ5c per share and announced a tax-free capital return of around 50c per share. The proposed tax-free capital return to farmers is subject to...
Fonterra upgrades full-year earnings forecast

Draft plan for NZ emissions pricing released

The primary sector climate action partnership He Waka Eke Noa (HWEN) in New Zealand has released its draft framework to reduce agricultural greenhouse gas emissions, proposing to price farming emissions and incentivise reductions. Under the plan, farmers will pay for...
Fonterra upgrades full-year earnings forecast

Fonterra NZ’s capital structure wins vote

Fonterra shareholders voted yes to a new capital structure proposal with 85.16% of farmers voting in favour. Fonterra chairman Peter McBride said the vote was a strong mandate for change and called it the most important decision Fonterra farmers have made in almost a...
Fonterra upgrades full-year earnings forecast

Fonterra flags changes to capital structure

Fonterra released a statement announcing the changes to the preferred option it is currently considering to its capital structure. Fonterra chairman Peter McBride said the Board believed that changes made as early as possible would put the cooperative in the best...