date:Mar 29, 2013
Fonterra has lifted its current forecast cash Payout for the 2012/13 season to $6.12 for a fully shared-up farmer, based on a higher forecast Farmgate Milk Price of $5.80 per kgMS and a forecast dividend of 32 cents per share.
The co-operative also narrowed its earnings per share guidance to 45-50 cents per share.
The higher forecast was on the back of a strong first half performance by Fonterra, which saw net profit after tax increase by 33% to $459 million, following a particularly robust pe