New Zealand's Fonterra logs higher interim profit

Reuters

2025/03/20

March 20 (Reuters) - New Zealand's Fonterra Co-operative FCG.NZ posted a rise in first-half profit on Thursday, citing strong performance at its core ingredients business and improving margins in the consumer operations.

The world's biggest dairy exporter reported profit after tax of NZ$729 million ($422.97 million) for the six months ended January 31, 8% higher than the NZ$674 million it posted a year earlier.

($1 = 1.7235 New Zealand dollars)

(Reporting by Nikita Maria Jino and Kumar Tanishk in Bengaluru; Editing by Alan Barona)

((Nikita.Jino@thomsonreuters.com; Tanishk.Kumar@thomsonreuters.com, X: @thatstanishk))

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