May 22, 2018 / 8:50 PM / a month ago

NZ's Fonterra cuts FY dividend, earnings forecast on higher milk prices

May 23 (Reuters) - New Zealand dairy major Fonterra Co-operative Group on Wednesday raised its 2017/18 forecast Farmgate Milk Price by 3.1 percent to NZ$6.75 ($4.68) per kgMS.

The firm trimmed its full-year forecast normalised earnings per share guidance range down to 25-30 New Zealand cents per share and cut its full year forecast dividend range down to 15-20 New Zealand cents per share.

$1 = 1.4428 New Zealand dollars Reporting by Aaron Saldanha in Bengaluru; Editing by Kevin Liffey

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below