Synlait's new chapter: will it be a good read?

Synlait says A2 Milk's revival will help it return to robust profitability. (Image: Getty)

Tue, 28 Sep 2021

Synlait Milk’s turnaround plan has a tentative thumbs-up from analysts, but they warn it will all come down to implementation. The company “has put forward a seemingly logical strategy to return the business to prior profitability levels (albeit with a materially different mix) over the next two years. Execution is now key”, said Forsyth Barr analyst Chelsea Leadbetter. Synlait shares lifted nearly 8% on Monday after the company predicted it would return to profitability in the current year to July 31. They were up a...

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