date:Sep 25, 2013
ese firm, was criticized for failing to blow the whistle sooner and more loudly.
On Wednesday, Fonterra reported an 18 percent lift in its full year profit, despite a drought trimming earnings. Net profit after tax for the year to July 31 was NZ$736 million ($608 million), compared with NZ$624 million last year.
Normalized earnings before interest and taxes (EBIT) fell to NZ$1 billion from $1.03 billion a year ago, in line with guidance given in July.
Fonterra is investigating the recent cont