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
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