Synlait shares slump 11% even as outlook brightens

Synlait shares slump 11% even as outlook brightens
Synlait says manufacturing issues have been resolved (Image: Synlait)
Rebecca Howard
Synlait Milk shares fell nearly 11% after the company signalled a series of one-offs would hurt its full-year net profit.As well as the headwinds signalled at the half-year, Synlait has had manufacturing challenges at its Dunsandel facility across a range of product segments, resulting in one-off costs in FY25, it said.At its half-year result, Synlait said sales volumes were down by 13% due to its facility at Pōkeno no longer processing raw milk.It is now forecasting a reported net loss after tax of $27 million to $40m for the year to July 31 v...

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