Synlait posts 3.8% gain in 1H profit, expects 'modest' full-year earnings growth

Tue, 28 Mar 2017

By Tina Morrison March 29 (BusinessDesk) - Synlait Milk, the NZX-listed dairy company, posted a 3.8 percent lift in first-half profit as higher sales offset increased investment in people and business development. Profit increased to $10.6 million, or 6.34 cents per share, in the six months ended Jan. 31, from $10.2 million, or 6.99 cents, a year earlier, the Rakaia-based company said in a statement. Sales jumped 35 percent to $288.7 million. The year-earlier earnings included a $2.9 million unrealised foreign exchange loss. Synlait sa...

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