Our largest company has been seeing profits surge, despite a period of contraction in the economy as a whole. 

Fonterra's confirmed a 13% rise in annual operating profit. 

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

Fonterra Chair Peter McBride told Mike Hosking we need dairy to do well for the country to do well. 

He says dairy is a critical part of the New Zealand economy, and the Government can't grow the economy without growing dairy. 

LISTEN ABOVE 

Our largest company has been seeing profits surge, despite a period of contraction in the economy as a whole.&nbsp;
Fonterra's confirmed a 13% rise in annual operating profit.&nbsp;
Its final farmgate milk payout to farmers has reached a new record high of $10.16 and its cash return to shareholders is up 30.6%.&nbsp;
Fonterra Chair Peter McBride told Mike Hosking we need dairy to do well for the country to do well.&nbsp;
He says dairy is a critical part of the New Zealand economy, and the Government can't grow the economy without growing dairy.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Peter McBride: Fonterra Chair on the company's net profit rising by 13%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ba5bb12c-36b4-4664-a6c6-b36301508af9/transcript