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Fonterra's milk money dips 11%

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The world's largest exporter of dairy products reported net profit of NZ$745 million for the year ended July 31, down from NZ$834 million a year ago due to bad weather hampering milk production.

Sydney

NEW ZEALAND dairy group Fonterra reported an 11 per cent fall in full-year profit on Monday after bad weather hampered milk production, but gave an upbeat outlook for the coming year.

The world's largest exporter of dairy products reported net profit after tax of NZ$745...

sentifi.com

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