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Synlait making ‘big steps in the right direction’, says chair

Dairy processor reports a return to profit for the half year.

Tim Hunter Fri, 01 Apr 2022

Milk processor Synlait is back in the black as a turnaround plan to recover from a sudden drop in demand from major client A2 Milk gains traction.

For the six months to January, net profit was $27.9 million, aided by a one-off $11.9m gain from the sale and leaseback of its property near Auckland

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Tim Hunter Fri, 01 Apr 2022
Contact the Writer: thunter@nbr.co.nz
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Synlait making ‘big steps in the right direction’, says chair
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