Fonterra's Hautapu dairy factory located near the rural town of Cambridge, some 150 km south of New Zealand's largest city, Auckland August 12, 2013. — AFP pic
The turnaround comes after Fonterra restructured its operations to focus on core business after last year writing down more than NZ$800 million in assets, including slashing the value of investments in China. He said Fonterra experienced a strong first half to the financial year but the Covid-19 pandemic affected the second half.
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