Fonterra raises earnings outlook after profit jump
Q3 net up 11% on strong ingredients and consumer sales
29 May 2025
1 minute read
By: Fonterra Co-operative lifted the lower end of its annual earnings forecast on Thursday, after reporting a rise in third quarter profit, citing strong performance at its ingredients channel and volume growth at consumer operations, reported Reuters.
The New Zealand-based dairy company is now eyeing the year-end earnings per share to be between 65 and 75 New Zealand cents, higher than 55 to 75 cents, expected earlier.
It logged a third quarter normalised profit after tax of NZ$1.16 billion ($692.06 million), 11% higher than the previous year.
($1 = 1.6762 New Zealand dollars)
