Displaying items by tag: Miles Hurrell

The divestment process for Fonterra's global consumer business is gaining momentum, with the co-op meeting global fund managers this week on a potential listing of the co-operative's newly formed Mainland Group.

An outright sale of Fonterra’s global consumer business is more likely than a float, says Forsyth Barr senior analyst equities, Matt Montgomerie.

Fonterra says its earnings for the 2025 financial year are anticipated to be in the upper half of its previously forecast earnings range of 40-60 cents per share.

Fonterra has updated its plan to divest its global consumer business and integrated businesses, Fonterra Oceania and Fonterra Sri Lanka.

Fonterra has unveiled a net profit of $263 million for the first quarter of its 2024-25 financial year.

Fonterra leaders are making their case for offloading the co-operative's $3 billion consumer business, noting that its return on capital has been nowhere near respectable.

OPINION: Fonterra may have sold its dairy farms in China but the appetite for collaboration with the country remains strong.

OPINION: Fonterra deserves a pat on the back for delivering another solid set of financial results.

Fonterra has unveiled a revised strategy – to maximise farmgate milk price and setting higher targets for dividends and return on capital for shareholders and unit holders.

Fonterra has reported a net profit of $1.1 billion for financial year ending July 31, 2024.