Larry Williams Drive

It’s good news for diary giant Fonterra, whose first half net profit is up 8 percent to $729 million, with a revenue growth of 14 percent. A dividend of 22 cents a share will be paid, and the forecast farmgate milkprice is sitting at a midpoint of $10 a kilo. What is the message to farmers? Fonterra Chief Executive Miles Hurrell talks to Tim Beveridge about the result. LISTEN ABOVE. See omnystudio.com/listener for privacy information.