Reported about 9 hours ago
New Zealand's Fonterra has announced a 4.3% decrease in full-year profit due to increased tax expenses following changes in its treatment of farmer shareholder distributions. The cooperative now forecasts normalized earnings per share for fiscal 2026 to be between 45 and 65 NZ cents, down from 71 NZ cents this year. Despite this, Fonterra has revised its projected milk collections for the 2025-26 season upward to 1,525 million kgMS, supported by favorable weather conditions.
Source: YAHOO