Penno explains lower profit and outlook
John Penno says Synlait paid more for milk from suppliers.
Synlait Chief Executive John Penno talks about his company's results on NBR Radio and on demand on MyNBR Radio.
Synlait Milk [NZX: SML] managing director John Penno is pinning future growth on commissioning a largescale sprayer that will pave the way for production of more infant formula products.
He was responding to questions from NBR about why Synlait's after-tax profit was down nearly 50% compared with
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Chris Hutching
Tue, 22 Sep 2015
Tue, 22 Sep 2015
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Penno explains lower profit and outlook
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