This is an umbrella Company, which owns several famous Australian milk-related brands such as BegaTM, MainlandTM, and Western StarTM. According to an update made by the Company on 17 March, it had positive results in the half year. The profit after tax was recorded at NZ$391M, whereas the EBIT was NZ$684M, besides a 5-cent-per-share interim dividend.On March 23, the Fonterra Co-operative Group Limited traded at NZ$5.070, up by 0.40%, at the time of writing. Time to hold or sell?
FSF Price at posting:
$4.70 Sentiment: None Disclosure: Held
