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Synlait issues profit warning

Problems with new software system compound difficulties with customer demand and cost pressures.

A two-year recovery plan will now take three, says Synlait.

NBR Staff Fri, 17 Mar 2023

Milk processor Synlait has warned its turnaround plan is taking longer than expected and profit for the year to July will be significantly lower than previous guidance.

In a statement to the NZX this morning, Synlait said it was now expecting full year net profit of $15 million to $25m, down from

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NBR Staff Fri, 17 Mar 2023
Contact the Writer: editor@nbr.co.nz
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Synlait issues profit warning
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