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Fonterra 'walks fine line' in first-half result
2016-03-23 05:05:35| Food - Topix.net
Fonterra Cooperative Group, the world's largest dairy exporter, has avoided weakening its balance sheet by providing support to farmers via a higher first-half dividend while shifting production to higher-margin goods to lift profit as sales fell. Auckland-based Fonterra doubled its first-half dividend to 20 cents and will make early payment of the final 20 cent payment, in two increments in May and August.
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Category:Food and Related Products