BUZZ-NZ's Fonterra Fund hits 7-year peak on higher HY profit, dividend hike

Reuters

2025/03/20

** Shares of Fonterra Shareholders' Fund FSF.NZ rise 1.8% to NZ$5.75, hitting their highest level since Jan. 15, 2018

** Fonterra Co-operative Group FCG.NZ gains 2% to NZ$4.99, highest since March 8, 2021

** Dairy giant logs HY profit after tax of NZ$729 million ($424.06 million) vs NZ$674 million last year

** Also declared interim dividend 22 NZ cents per share, up from 15 NZ cents each last year

** Fonterra Fund up 11.7% YTD, including current session's moves

($1 = 1.7191 New Zealand dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))

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