PREVIEW: Synlait and Fonterra to report diverging earnings

Sun, 17 Mar 2019

By Jenny Ruth March 18 (BusinessDesk) - Two dairy companies will report first-half results this week but they will be like “canned success versus udder confusion,” as Craigs Investment Partners analyst Adrian Allbon puts it in his results preview. Both dairy companies have the same milky input but vastly different outcomes, Allbon says. He's expecting “solid profit growth” of about 5 percent to $43 million from Synlait Milk which is continuing to invest in producing new revenue streams. Synlait's key strategic challenge is finding a...

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