Westland Dairy reports strong result, $50m further investment
Milk processor highlights US butter sales as tax benefits boost bottom line.
Westland Dairy's owner Inner Mongolia Yili has committed to matching Fonterra's milk price for suppliers.
A turnaround at Westland Dairy Company is gaining strength with the milk processor reporting another record result and further investment from its Chinese owner.
Net profit for the year to December was $55.9 million, up from $38.9m a year earlier, although a large part of the gain was a $16.6m tax
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