financetom
Business
financetom
/
Business
/
New Zealand's Fonterra reports drop in first-quarter profit
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
New Zealand's Fonterra reports drop in first-quarter profit
Dec 4, 2024 11:56 AM

(Reuters) - Fonterra Co-operative reported a drop in its first-quarter profit after tax on Thursday, flagging impacts from lower sales volume and higher milk prices.

New Zealand dairy firm reported a profit after tax of NZ$263 million ($154.12 million) for the quarter, down from NZ$346 million last year.

($1 = 1.7065 New Zealand dollars)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
NextEra has ordered major items for Duane Arnold nuclear restart, CEO says
NextEra has ordered major items for Duane Arnold nuclear restart, CEO says
Oct 28, 2025
Oct 28 (Reuters) - NextEra Energy ( NEE/PU ) has ordered major equipment for the restart of its Duane Arnold nuclear power plant in Iowa, with items including a power generator and cooling towers, CEO John Ketchum told Reuters on Tuesday. NextEra, which is one of the largest global power companies, announced this week that it had struck a long-term...
Telus and Indigenomics, Announce AI Partnership
Telus and Indigenomics, Announce AI Partnership
Oct 28, 2025
11:56 AM EDT, 10/28/2025 (MT Newswires) -- TELUS ( TU ) said Tuesday it is partnering with Indigenomics to support Indigenous economic advancement and innovation. Indigenomics will use Telus' ( TU ) Sovereign AI Factory to accelerate the development of IndigenomicsAI, an Indigenous economic intelligence platform designed to measure, mobilize and amplify Indigenous economic activity, while keeping data, knowledge and...
Market Chatter: YPF in Preliminary Talks to Receive XRG Investment for LNG Project
Market Chatter: YPF in Preliminary Talks to Receive XRG Investment for LNG Project
Oct 28, 2025
11:57 AM EDT, 10/28/2025 (MT Newswires) -- YPF (YPF) is in preliminary talks with Abu Dhabi National Oil Company's XRG overseas unit to get an investment for its liquefied natural gas project in Argentina, Bloomberg News reported Tuesday, citing people familiar with the matter. The project in the Vaca Muerta shale basin requires the construction of multiple liquefaction vessels, with...
Genprex to Sell Shares in Direct Offering
Genprex to Sell Shares in Direct Offering
Oct 28, 2025
11:57 AM EDT, 10/28/2025 (MT Newswires) -- Genprex ( GNPX ) said Tuesday that it has struck deals to sell 377,780 shares at $9.00 per share in a direct offering. The clinical-stage gene therapy company said it will also issue short-term warrants to buy up to 755,560 shares at an exercise price of $8.75 per share that will be immediately...
Copyright 2023-2026 - www.financetom.com All Rights Reserved