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Synlait returns to profit but normal service not yet resumed

Milk processor sees turnaround complete next year.

Synlait's main processing plant is at Dunsandel, Canterbury.

Tim Hunter Tue, 27 Sep 2022

Dairy processor Synlait is forecasting a return to normal profitability levels next year after clawing itself back into the black in the first year of its turnaround plan.

In results reported to the NZX this morning, Synlait said its net profit for the year to July was $38.5 million, up from a loss

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Tim Hunter Tue, 27 Sep 2022
Contact the Writer: thunter@nbr.co.nz
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Synlait returns to profit but normal service not yet resumed
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