date:Sep 27, 2012
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In response to the results, Fonterra announced that its ANZ business would implement a plan to increase profitability and maximise its cash flow.
Strong exports
Meanwhile, Fonterras NZ Milk Products segment had a strong year, reporting adjusted earnings of NZ$515m - a 23% increase on last year.
The firms Asia, Africa and Middle East division also achieved good results and strong performances in Sri Lanka, Vietnam, Hong Kong, Philippines and Malaysia. A 3% sales increase contributed to rev