Fonterra reports ’20 interim results; Normalised EBIT worth $584 million
date:Mar 26, 2020
months of the financial year, but the group was now operating in a very different global context as a result of COVID-19.

Our total group normalised earnings for the first six months of the financial year 2020 are up $272 million on last year to $584 million. We have delivered this through stable underlying earnings from our ingredients business, improving gross margins in foodservice and reducing our operating expenses, he added.

Our foodservice business has definitely been our stand-out perf
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