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

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
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 (...

More Primary Sector

Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.

Riley Kennedy 09 May 2025
Agriculture the winner in senior science advisory roles
Primary Sector

Agriculture the winner in senior science advisory roles

The Science & Technology Advisory Council is weighted towards the dairy industry.

Greg Hurrell 08 May 2025