Fonterra's profit falls, revenue rises and farmers' returns liftCHRISTEL YARDLEY/FAIRFAX NZ Fonterra's profit is down but revenue has risen. New Zealand's largest company Fonterra has posted an after-tax profit of $745 million, down 11 per cent on last year. ​"It's putting more cash into farmers' hands and that will put a smile on their faces for the coming season. Revenue was up 12 per cent to $19.2 billion, but earnings before tax and interest (EBIT) was $1.155b, down 15 per cent. "With the milk price likely to be circa 60c higher, this would indeed be a step up in financial performance."

Source: Stuff September 24, 2017 19:54 UTC