NZD on the move - Fonterra increasing its forecast earnings per share range

Author: Eamonn Sheridan | Category: News

NZD is trading higher this morning.

News from Fonterra:

  • Fonterra Co-operative Group Limited is increasing its forecast earnings per share range for the current financial year to 45-55 cents
  • With a forecast Farmgate Milk Price of $4.60 this lifts the total available for payout to $5.05-5.15 per kgMS and would currently equate to a total forecast cash payout of $4.95-5.00 per kgMS after retentions.

more to come



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