NZ's Fonterra reports nearly 6% rise in first-quarter profit

Reuters12-04

Dec 4 (Reuters) - Fonterra Co-operative Group FCG.NZ reported a 5.7% rise in first-quarter profit on Thursday, helped by higher global commodity prices in the period.

The dairy company reported a profit after tax of NZ$278 million ($160.52 million) for the quarter ended October 31, higher than NZ$263 million in the same period last year.

(Reporting by Kumar Tanishk in Bengaluru; Editing by Alan Barona)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

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