Sep 25, 2024 / 01:30AM GMT
Miles Hurrell - Fonterra Shareholders'Fund-CEO
Thanks for joining us today, and welcome to our 2024 annual results briefing. I'm Miles Hurrell, CEO, and I am joined here today by Andrew Murray, our CFO. I'm going to kick things off with an overview of our performance before asking Andrew to take us through some of the detail behind the numbers. Before we get into it, I want to start by thanking our people right around the world for their contribution to our results, especially as the trade environment continues to have the backdrop of market volatility and geopolitical uncertainty.
We've had a strong year and maintained the positive momentum we saw in 2023. In summary, net earnings of $0.70 per share is at the top end of our guidance range. Dividends for the year totaled $0.55 per share, up on last year and include a special dividend of $0.15. Gearing is down to 24%, and our return on capital was a solid 11.3%, well above our target range for F24 of 8% to 9%. The final Farmgate milk price for the '24 season was $7.83 per kilogram of milk solids.
And when
Full Year 2024 Fonterra Shareholders' Fund Earnings Call Transcript
Sep 25, 2024
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