Synlait Milk expecting to return to profitability

The company will report its half-year results in March. (Image: Synlait)

Fri, 24 Jan 2025

Synlait Milk expects to return to profitability in the first half of the financial year.The newly capitalised Canterbury-based dairy processor expects earnings before interest, tax, depreciation and amortisation (ebitda) for the six months to January 2025 to be in the range of $58 million to $63m.Acting chief executive Tim Carter said the Synlait team had worked extremely hard to lift productivity and performance in the past six months.“Today’s announcement demonstrates the huge progress being made, and while we cannot take our foot...

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