Press Release – Fonterra
Fonterra Co-operative Group Limited today announced its 2021 Interim Results and they show the Co-operative has had a positive first half, resulting in a Total Group normalised EBIT of $684 million, normalised Profit After Tax of $418 million and …
Summary of numbers
Normalised Profit After Tax: $418 million, up 43%#
Total Group normalised Earnings Before Interest and Tax (EBIT): $684 million, up 17%#
Total Group EBIT: $657 million, down 18%
Net debt: $5.6 billion, down 3%
Total Group normalised Gross Profit: $1,722 million, up 3%
Total Group normalised Gross Margin: 17.4%, up from 16%
Total Group normalised Operating expenditure: $1,055 million, down 3%
Normalised Greater China EBIT: $339 million, up 38%
Normalised Asia Pacific EBIT: $190 million, up 9%
Normalised Profit After Tax:
$418 million, up 43%#
Total Group normalised
Earnings Before Interest and Tax (EBIT): $684 million, up
17%#
Total Group EBIT: $657 million, down
18%
Net debt: $5.6 billion, down 3%
Total
Group normalised Gross Profit: $1,722 million, up
3%
Total Group normalised Gross Margin: 17.4%, up
from 16%
Total Group normalised Operating
expenditure: $1,055 million, down 3%
Normalised
Greater China EBIT: $339 million, up 38%
Normalised
Asia Pacific EBIT: $190 million, up 9%
Normalised
Africa, Middle East, Europe, North Asia, Americas (AMENA)
EBIT: $201 million, down 7%
Full year forecast
normalised earnings per share: 25-35 cents per
share
Interim dividend: 5 cents per
share
Forecast Farmgate Milk Price: $7.30-$7.90 per
kgMS
Forecast milk collections: 1,525 million kgMS,
up 0.5%
A Southland New Zealand dairy farmer has invested $200,000 over the last 10 years in planting and fencing around a river and creeks on his property – an outcome of a dream he had back in his native Zimbabwe.
Edwin Mabonga, who together with his wife Fungai milk 850 cows on a 270ha farm bordering the Aparima River at Otautau near Invercargill, used to spend time in Zimbabwe reading books about New Zealand.
“It was always a big goal of mine to come to New Zealand because I saw it as being the world benchmark for dairy farming,” he says. “We used to read books to learn as much as we could and eventually decided to move to find out what the big deal was.”
Freshwater health goes under microscope as hundreds of NZ farmers adopt environment plans – RadioVop Zimbabwe radiovop.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from radiovop.com Daily Mail and Mail on Sunday newspapers.