Q3 2023 Fonterra Shareholders' Fund Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the Fonterra Cooperative Group Fiscal Year 2023 Q3 Investor Call. (Operator Instructions) And be advised that today's conference is being recorded. Now it's my pleasure to turn the call over to Miles Hurrell. Please go ahead.
Good morning. Thank you. Joined here this morning, Neil Beaumont, CFO; and Simon Till, Capital Markets, and looking forward to taking you through our Q3 results that we released to the market this morning.
If I start quickly on Slide 2. We are pleased to report that the co-op has continued its strong performance that we reported at half year. Profit after tax for the first 9 months of F '23 is $1.326 billion, up $854 million on the prior year and includes -- that does include the gain on sale from Soprole. Excluding the gain on sale of the divestment, $248 million, normalized profit is $1.078 billion, which is equivalent to $0.65 for the 9 months.
In terms of full year earnings, we've also lifted our guidance for
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