Getting Synlait Milk back on track

Getting Synlait Milk back on track
Tim Carter has been acting chief executive since October. (Image: Synlait)
Riley Kennedy
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...

More Primary Sector

Fonterra takes milk off competition, market share slips
Primary Sector

Fonterra takes milk off competition, market share slips

The competition for milk, particularly in the Waikato region, is fierce.

Riley Kennedy 03 Oct 2025
Mohawk Industries looks to take Bremworth private
Primary Sector

Mohawk Industries looks to take Bremworth private

A strategic review was kicked off in February under its previous leadership.

Riley Kennedy 02 Oct 2025
Pāmu looking to exit Spring Sheep Dairy
Primary Sector

Pāmu looking to exit Spring Sheep Dairy

Spring Sheep is looking to “explore potential strategic partnerships” to support growth.

Riley Kennedy 02 Oct 2025