Getting Synlait Milk back on track

Tim Carter has been acting chief executive since October. (Image: Synlait)

Mon, 27 Jan 2025

Synlait Milk might be getting back on track, but Tim Carter is reluctant to celebrate – yet.The Canterbury-based dairy processor told the market on Friday it was expecting to return to profitability in the first half of the financial year, and it also dished out a range of new financial premiums and incentives to retain its milk supply.It expects earnings before interest, tax, depreciation and amortisation (Ebitda) for the six months to January 2025 to be in the range of $58 million and $63m.Synlait had a horror 2024, having to get i...

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