Fonterra said supply chain issues worldwide had resulted in a buildup of inventory. Photo: ODT filesFonterra said a "standout performance" from its Greater China business helped drive its normalised operating profit for the six months to January up by 17 per cent to $684m. Fonterra's "reported" net profit came to $391m, down 22 per cent. Fonterra kept to its full-year forecast normalised earnings forecast of 25-35 cents per share. Fonterra said supply chain issues worldwide had resulted in a buildup of inventory.

Source: Otago Daily Times March 16, 2021 21:22 UTC