Fonterra results beat analysts' forecasts, shares jump nearly 5%
Cooperative says major factor in improved performance is shift from milk powder to higher value products.
NBR reporter Tim Hunter talks about Fonterra on NBR Radio and on demand on MyNBR Radio.
Jenny Ruth
Thu, 24 Sep 2015
See also: Top pay at Fonterra hits $4.9m
Fonterra’s [NZX: FCG ] annual net profit beat analysts’ expectations, pushing the value of its shares and units up nearly 5%.
The shares, which only farmers can own, and the units, which anybody can own, climbed 25 and 26 cents respectively to as much as
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Jenny Ruth
Thu, 24 Sep 2015
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