Hurrell: strong result ‘just the tip of the iceberg’
Sale of the Mainland consumer brands business will allow Fonterra to focus on more profitable products, says co-op CEO.
Fonterra chief executive Miles Hurrell.
Dairy co-op Fonterra says the sale of its consumer brands business, Mainland Group, is expected to reduce profits for just three years.
In a presentation alongside its annual results today, Fonterra said that without Mainland, its operating profits would drop by about $252 million, but it was
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