Synlait returns to profitability as more farmers decide to stay put

Synlait's acting chief executive Tim Carter. (Image: Synlait)

Mon, 24 Mar 2025

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...

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