Fonterra lifts FY net profit

Group emerges from 'testing' year with profit lift, but decline in revenue.

Fonterra Co-operative Group (FSF) is eyeing a bump to earnings in the year ahead, after emerging from a "testing" year with a lift in net profit.

In the year to July 31, Fonterra's net profit was $NZ718 million, a 17.9% lift on the $NZ609 million in the previous year.

In the same period, revenue from sales came in at $NZ18.643 million, a 5.7% decline on the $NZ19.769 million in 2012.

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