Fonterra Shareholders' Fund Q3 EPS Slips to NZ$0.58 from NZ$0.81 in Prior Year

MT Newswires Live05-29

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 operations’ 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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