New Zealand's economy has been shrinking, but our largest company has seen profits surge.

Fonterra's announced a 13 percent rise in annual operating profit.

Its cash return to shareholders is up 30.6 percent, and its final farmgate milk payout to farmers has reached a new record high of $10.16 per kg of milk solids.

The Country's Jamie Mackay explains further.

LISTEN ABOVE

New Zealand's economy has been shrinking, but our largest company has seen profits surge.
Fonterra's announced a 13 percent rise in annual operating profit.
Its cash return to shareholders is up 30.6 percent, and its final farmgate milk payout to farmers has reached a new record high of $10.16 per kg of milk solids.
The Country's Jamie Mackay explains further.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jamie Mackay: The Country host on Fonterra posting an improved financial result

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2337bae0-c3d5-40e1-ab3f-b363008470ff/transcript

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