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Fonterra revenues down, but profits up 18%
date:Sep 26, 2013
day nutrition and advanced nutrition. Climatic and market conditions, however, frustrated efforts to achieve higher earnings.

The combined impact of the drought and the reshaping of Fonterras Australian business, saw the Co-operatives normalised EBIT of $1 billion for the 2013 year fall 3% short of last year.

The business achieved strong EBIT growth in Asia, Africa, the Middle East and in our Soprole business in Chile. However, this was offset by a weaker second half from NZ Milk Products and

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