date:Mar 28, 2014
eturns and have achieved strong revenue growth, NPAT is down 53 per cent to $217 million. Normalised EBIT is also down 41 per cent to $403 million, compared with the very strong earnings in the first half of last year.
Fonterra said that the first half has been exceptional as a result of high volatility driven by record demand for milk powders, resulting in a 21 per cent increase in revenue, said CEO Theo Spierings.
The Season saw record milk volumes collected across the October - November pe