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Fonterra posts 30% rise in earnings on back of China demand

Fonterra posts 30% rise in earnings on back of China demand
By Wang Zhuoqiong |
chinadaily.com.cn |
Updated: 2021-05-30 15:31
Visitors check out Fonterra products during the third China International Import Expo in Shanghai in November. [Photo provided to China Daily]
Chinese market has led the progress for world leading dairy producer Fonterra as the country s economy continues to recover strongly, recording a 30 percent rise in earnings before interest and tax year-on-year, said Fonterra s top executive.
Fonterra Co-operative Group CEO Miles Hurrell said in the company s fiscal third quarter report that prompted by COVID-19, people are seeking the health benefits of milk and customers are wanting to secure their supply of New Zealand dairy products and ingredients. Growth in global milk supply seems muted and the global supply of whole milk powder is looking constrained. ....

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Welcome To IANS Live - BUSINESS - Samsung pips Xiaomi to grab 2nd spot in global wearables market

The South Korean tech giant moved ahead of China s Xiaomi for the first time to take the runner-up spot with a market share of 11.8 percent, which was up 0.6 percentage point from a year earlier, according to the latest report from market researcher International Data Corporation (IDC).At t ....

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Welcome To IANS Live - SCIENCE AND TECHNOLOGY - Samsung pips Xiaomi to grab 2nd spot in global wearables market

The South Korean tech giant moved ahead of China s Xiaomi for the first time to take the runner-up spot with a market share of 11.8 percent, which was up 0.6 percentage point from a year earlier, according to the latest report from market researcher International Data Corporation (IDC).At t ....

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Welcome To IANS Live - SCIENCE - Samsung pips Xiaomi to grab 2nd spot in global wearables market

Photo Credit: IANS
IANSLive
Seoul/New Delhi, May 29 (IANS) Samsung Electronics took over Chinese brand Xiaomi to become the world s second-largest vendor of wearable devices in the first quarter of the year, a report has showed, on the back of its wireless earbuds sales.

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Welcome To IANS Live - SCIENCE - Apple logs 50% growth as global smartwatch market jumps 35% in Q1

With a surge in demand for its Series 6 models, Apple saw its market share climb by 3 per cent from the year-ago quarter to reach 33.5 per cent in the March quarter this year, according to Counterpoint Research s Global Smartwatch Model Tracker .Sams ....

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