Synlait Milk withdraws guidance after ‘unforeseen’ year-end timing

Synlait says its final ebitda result will be below the current guidance. (Image: NZME)

Wed, 17 Jul 2024

Synlait Milk has withdrawn its guidance for the current financial year, saying it has been affected by “unforeseen” year-end timing differences.The debt-laden milk processor previously said that its earnings before interest, taxes, depreciation and amortisation (ebitda) performance would be at the lower end of the $45 million to $60m range.That range excluded a non-cash adjustment for a product-costing method change of roughly $17m.'Unforeseen year-end'However, Synlait told the market its “immediate” performance...

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