Synlait Milk's comeback: Refinancing talks 'softly' begin

Tim Carter will run Synlait until mid-May. (Image: Synlait)

Tue, 25 Mar 2025

Synlait Milk has begun early conversations with its bankers about renegotiating its facilities as its half-year results put it firmly back on the path to recovery.The Canterbury dairy processor is in a much-improved position compared to 12 months ago when it faced a very uncertain future with a highly leveraged balance sheet and a public dispute with its largest customer and 20% shareholder, The a2 Milk Company.A year later, it is back to profitability – with net profit in the six months to Jan 31 of $4.8 million and a 16% increase in rev...

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