this post was submitted on 08 Aug 2024
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That $200m profit is reported in the financials for Foodstuffs NI. There seems to be some fonterra style coop stuff happening as Foodstuffs made a net profit of like $60m after distributions to members.
I took the number before distributions but you're right. Hell, many of the stores might have made a loss before the distribution. Many may have a profit for the store owner before the Foodstuffs NI distribution.
Like you say, it's hard to accurately track.