Synlait returns to profitability as more farmers decide to stay put

Synlait returns to profitability as more farmers decide to stay put
Synlait's acting chief executive Tim Carter. (Image: Synlait)
Riley Kennedy
Synlait Milk is back in the black, with a majority of its South Island farmers now not wanting to move away.The New Zealand Exchange-listed (NZX) company reported its half-report results for Jan 31 on Monday, with revenue up 16% to $916.8 million.It reported a net profit after tax of $4.8m, compared to a loss of $96.2m during the same period last year.Gross profit was $86.9m, up 99%. It reported earnings before interest, tax, depreciation and amortisation of $63.1m, up 217%.'Slower than the first half'The country’s third-larg...

More Primary Sector

Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025
Scott Technology's revenue drops 14%
Primary Sector

Scott Technology's revenue drops 14%

Its long term strategy is not far away.

Riley Kennedy 16 Apr 2025