Synlait Milk Limited today announced its financial results for the 12 months ending 31 July 2022, with revenue up 21% to $1.66 billion, NPAT up $67.0 million to $38.5 million, and net debt down 29% to $341.9 million.
The company also published its refreshed strategy, focusing on core business opportunities such as Advanced Nutrition, Ingredients, Consumer and Foodservice, and presented a forecast average base milk price of $9.50 per kgMS for the current 2022 / 2023 season.
Synlait will hold a briefing on the results at 11:00am (NZ time).
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