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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
2 mins to read

Synlait posts expected loss, promises return to profit

New CEO appointed as milk processor charts path to recovery.

Tim Hunter Mon, 27 Sep 2021

Milk processor Synlait is promising a return to “robust profitability” after posting a loss for the year to July of $28.5 million as demand from main customer A2 Milk plummeted.

The company had warned in May its losses would be $20m to $30m and announced measures to restore its fortunes

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Tim Hunter Mon, 27 Sep 2021
Contact the Writer: thunter@nbr.co.nz
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Synlait posts expected loss, promises return to profit
General Business,
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