Synlait near quadrupled first-half net profit as it moved up the value chain
Synlait's ingredients business lifted gross margins 67%.
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Synlait Milk near quadrupled first-half net profit, which was also higher than last year’s annual net profit.
The profit increase was mainly driven by higher infant formula sales but its profit margins on ingredients also improved and inventory levels fell more than 18% at the end of January
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Jenny Ruth
Wed, 21 Mar 2018
Wed, 21 Mar 2018
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Synlait near quadrupled first-half net profit as it moved up the value chain
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