Fonterra's boss is extremely proud of the dairy co-op's latest results. 

It delivered a $2.6 billion full-year profit, with total revenue hitting $27 billion. 

It's confirmed a final Farmgate Milk Price payout for farmers of $9.69 – down from last year's record-high $10.16. 

This year's total dividends come to 73 cents per share, including 16 cents paid out earlier from the sale of Fonterra's consumer arm. 

Chief Executive Richard Allen told Mike Hosking they've overcome major challenges including weather events and geopolitical instability. 

LISTEN ABOVE 

Fonterra's boss is extremely proud of the dairy co-op's latest results.&nbsp;
It delivered a $2.6 billion full-year profit, with total revenue hitting $27 billion.&nbsp;
It's confirmed a final Farmgate Milk Price payout for farmers of $9.69 – down from last year's record-high $10.16.&nbsp;
This year's total dividends come to 73 cents per share, including 16 cents paid out earlier from the sale of Fonterra's consumer arm.&nbsp;
Chief Executive Richard Allen told Mike Hosking they've overcome major challenges including weather events and geopolitical instability.&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,...

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Richard Allen: Fonterra CEO on the co-op reporting a profit of $2.6 billion

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/72364ff9-4635-4101-9bf2-b4cf0153a2ce/transcript