Investors catch a glimmer of hope after Synlait's full-year net loss

Synlait chief executive Grant Watson said the company was looking at a range of options for how it might deal with a retail bond. (Image: Synlait)

Rebecca Howard

Mon, 25 Sep 2023

Synlait Milk reported a full-year net loss, but investors look to have a glimmer of hope.The stock last traded up 0.8% at $1.29 on Monday afternoon, despite reporting a net loss of $4.3 million for the year to July 31 versus a net profit of $38.5m a year earlier.“There is no question this is a poor financial result,” chief executive Grant Watson told BusinessDesk.However, “we are clear on why and we’ve got a really clear and focused strategy”, he said.Earnings before interest, taxes, depreciation and amortisation (...

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