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News 2026-09-23 20:45 UTC

New Zealand's Fonterra posts more than two-fold jump in annual profit

New Zealand's Fonterra NZX:FCG 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, compare…