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

Fonterra Shareholders' Fund

20/03/2025 24:15

** 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))