Fonterra dairy booms on China’s recovery
Trans-Tasman dairy giant Fonterra has boosted strongly rising profits in the six months to January 31 driven by a resurgent Chinese economy. The company reported earnings before interest and tax (EBIT) up 17 per cent to $634.9 million (NZ$684 million) on total revenue down five per cent to $9.2 billion. EBIT in Greater China was…
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