Fonterra Shareholders' Fund (NZE:FSF) reported third-quarter group earnings per share fell to NZ$0.58 compared with NZ$0.81 in the same period a year earlier, according to a Wednesday New Zealand bourse filing.
The fund posted profit after tax from operations of NZ$1.01 billion, up by NZ$20 million, or NZ$0.61 per share in Q3 on strong earnings across all three of the co-op's product channels, the filing said.
The fund increased its forecast FY2024 continuing operationsâ earnings range to NZ$0.60 to NZ$0.70 per share, up from NZ$0.50 to NZ$0.65 per share, according to the filing.
Fonterra Shareholders' Fund posted a 27% drop in profit after tax to NZ$973 million. Continuing operations earnings before interest and tax of NZ$1.44 billion was down 6% on the prior period, the filing said.
Price (AUD): $3.71, Change: $-0.01, Percent Change: -0.27%
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