
Dairy dilemma: Fonterra’s slump in China leads to profit decline
Fonterra recently announced its Q1FY2025 financial results, reporting a small 1.92% increase in revenue to NZ$5.2bn (US$2.99bn) but a close to 24% drop in profits after tax to NZ$263mn (US$151.2mn) from NZ$346mn (US$198.9mn) the previous year. The firm …