Synlait Milk Limited has released its financial results for the six months ended 31 January 2023, showing a 3% decrease in revenue and a 25% decrease in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) compared to the same period last year.

Net profit after tax (NPAT) decreased by 83%, and the company has forecast a net profit after tax guidance range of $15 million to $25 million for the 2023 financial year.

The company will hold a briefing on the results at 11:00am (NZ time) on 8 May 2023.

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