Synlait Milk Limited (Synlait) today announced its financial results for the six months ended 31 January 2022, with Net Profit After Tax (NPAT) up 338% to $27.9 million and Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) up 45% to $68.4 million.
Revenue was up 19% to $790.6 million, and Net Debt was down 19% to $391.8 million.
Synlait also reported strong cash flows up 269% to $117.3 million and Capital Expenditure down 37% to $46.0 million.
The company provided guidance that it still expects its Net Profit After Tax result to return to robust profitability in FY22 and performance to build into FY23.
A conference call on the results will be held at 11am NZDT, with further information available from Corporate Affairs Manager Hannah Lynch.
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