March 23 (Reuters) - Fonterr HY net profit after tax (npat)...

March 23 (Reuters) - Fonterr

• HY net profit after tax (npat) $409 million, up 123 per cent
• forecast farmgate milk price $3.90 per kgms
• 2016 forecast available for payout $4.35 - $4.45 per kgms
• 2016 total forecast dividend of 40 cents per share
• 2016 forecast earnings per share range of 45-55 cents
• interim dividend of 20 cents per share - to be paid in April
• "current global economic conditions remain challenging and are impacting dairy demand and prices"
• "long term fundamentals for global dairy are positive with demand expected to increase by two to three per cent a year due to the growing world population"
• "firmly on track to achieve our forecast earnings of 45-55 cents per share, ahead of the 40-50 cents per share "
• "net debt is $6.9 billion and we are expecting this to reduce significantly in the second half of the year"
• "co-operative will continue to offer a dividend reinvestment plan, at a discount of 2.5 per cent to the strike price"
• HY revenue from sale of goods $8.84 billion versus $9.75 billion
• "WMP price expected to lift through balance of 2016"
• "expecting EU to revert to normal growth of 1% per annum"
• "expecting China wmp imports to grow steadily at 4-5% per annum"
• all figures in NZ$

• Source text:(http://bit.ly/1XKGofg) (http://bit.ly/1WGj0zc)