Synlait reports loss in ‘challenging’ year
Result for year to July comes in near bottom of guidance as company works to reduce debt.
Milk processor Synlait reported a loss of $4.3m for the year to July.
Milk processor Synlait has had a “challenging year”, said chair Simon Robertson, as the company reported a loss of $4.3 million for the year to July, near the bottom of its guidance range.
The result was down from a profit of $38.5m a year earlier.
Robertson said the results were “not where we
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