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Fonterra saw its highest third-quarter shipping volumes in a decade.
Fonterra has lifted its full-year earnings guidance after posting improved third-quarter performance, supported by strong global demand and higher milk collections.
The co-operative reported year-to-date operating profit of $1.8 billion for the nine months to April, up $103 million on a year earlier, while underlying earnings rose to 57 cents per share from 53 cents.
Profit after tax came in at $1.1b, broadly unchanged on the previous year, reflecting higher costs associated with the divestment of its Mainland business.
