![Fonterra's new season forecast is $4.25(Getty Images).](https://www.newstalkzb.co.nz/media/15170738/fonterra-signage-generic-getty.jpg?rmode=crop&rnd=133555032525570000&height=379&quality=95&scale=both)
Dairy giant Fonterra has reported a stronger-than-expected interim result.
It's reporting a 23 percent rise in first-half profit, and a dividend increase from 10 cents a share to 15, as it sells more higher-profit processed goods,
But its forecast milk payout midpoint is unchanged at $7.80.
Chief executive Miles Hurrell joined The Country's Jamie Mackay to discuss.
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