Profits fall at Synlait after investments
Milk processor indicates flat outlook for 2021.
Milk processor Synlait has reported net profit down 9% on last year as higher costs ate up growth in revenue.
Net profit for the year to July 31 was $75.2 million, down from $82.2m a year earlier.
Revenue gained 27% to $1.3 billion, including the impact of new subsidiary Dairyworks, whose
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