New Zealand's Fonterra posts more than two-fold jump in annual profit
23/09/2026 21:45
New Zealand's Fonterra posts more than two-fold jump in annual profit Sept 24 (Reuters) - New Zealand's Fonterra FCG.NZ reported a 142% rise in its annual profit on Thursday, supported by robust shipping volumes and divestment gains from the sale of the Mainland Group.
The world's biggest dairy exporter reported a profit after tax of NZ$2.61 billion ($1.47 billion) for the year, compared to NZ$1.08 billion a year earlier.
($1 = 1.7630 New Zealand dollars)
(Reporting by Nichiket Sunil and Anjali Singh in Bengaluru; Editing by Jonathan Ananda)
((nichiket.sunil@thomsonreuters.comanjali.singh2@thomsonreuters.com;))
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