New Zealand dairy giant Fonterra has reported a huge annual profit with a net profit of NZ$659 million (US$445 million) for the 12 months ended July 31st despite the impact of the COVID-19. Additionaly, Fonterra reduced its debt by more than NZ$1 billion (US$675.4 million). The foodservice business of Fonterra in Greater China achieved a strong performance of sales and gross profit, which were the main factors to drive the business.
According to the data, the . . .