Primary Sector

Synlait profit could fall 50%

Rebecca Howard
Mon, 21 Dec 2020

Rebecca Howard
Mon, 21 Dec 2020
Synlait Milk said its full-year net profit would fall by about 50 percent after A2 milk – a strategic customer and cornerstone shareholder – announced a slide in revenue due to covid-19.Synlait now expects total consumer-packaged infant formula volumes to be approximately 35 percent lower than in the year ended July and net profit will be approximately halved.The company reported a net profit of $75.2 million in the 12 months to July 31, down 9 percent on the year earlier. A2 Milk currently owns almost 20 percent of the company. The...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

New players sought for electricity futures market
Gavin Evans | Wed, 20 Jan 2021

Paying new players to offer market-making services may improve pricing, Electricity Authority believes. 

BlackRock mansion: where $12T lives
David Chaplin | Wed, 20 Jan 2021

Global funds management is concentrating into fewer and fewer hands.

Primary Sector
The Zespri effect: Has NZ's hops industry found its Sungold?
Brent Melville | Wed, 20 Jan 2021

New Zealand's hop industry has a clear vision for the future, though this includes some fairly hazy IPAs. 

How consumers can give local businesses a boost

Why this holiday is different for New Zealand SMEs.

What has Covid-19 changed for supply chains?

Covid-19 has helped businesses recognise Supply Chain as a critically important function within their organisation.