date:Mar 28, 2014
Fonterra announced that it is on track to deliver the highest-ever returns to farmer shareholders and the New Zealand economy, with a forecast cash payout of $NZ8.75.
The company also reported revenues ahead 21% at NZ$11.3 billion, but profit after tax down 53% to $217 million.
Chairman John Wilson said the forecast cash payout comprising a forecast farmgate milk price of $8.65 per kgMS and an estimated dividend of 10 cents per share is strong compared with last seasons final cash payout of