Fonterra announces $800m capital return
Dairy co-op reports 50% lift in half-year profit, raises full-year earnings forecast.
Strong margins in cheese and protein offset lower whole milk powder prices for Fonterra.
Dairy co-op Fonterra has announced plans for an $800 million capital return in October using proceeds from the sale of its Chilean business Soprole.
The payout represents about 50c per co-op share and NZX-listed unit.
Fonterra confirmed the plan alongside its result for the six months to January
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