Fonterra revenues up, profits down
date:Mar 28, 2014
per cent, excluding Sri Lanka which was affected by the temporary suspension of operations in August 2013).

Being disciplined with operating expenses, which were flat for the period, contributed to our ability to offset some of the rising input costs.

Our V3 business strategy developed in 2012 has accurately predicted growing demand for dairy in emerging markets, and that demand would outstrip supply growth, said Mr Spierings. The past six months have shown that the trends identified in our s
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