Fonterra posts $3.4 billion operating profit this year

Fonterra has reported an operating profit of $3.4 billion, bolstered by its recent sale of the Mainland brands. The cooperative's underlying profit also saw a notable increase.

Excluding the sale, Fonterra's underlying profit rose nearly 24 percent to $1.8 billion. This marks a strong financial performance amid ongoing challenges in the dairy sector.

The increase in profit showcases the company’s resilience and strategic decisions in recent months. Fonterra's ability to adapt and optimise its operations plays a key role in this success.

The cooperative is committed to maximising value for its farmers and shareholders while continuing to focus on sustainability and innovation in the dairy industry.

Originally reported by RNZ New Zealand Headlines.