Synlait shares fall despite robust underlying profit
CFO Nigel Greenwood not concerned by one-off costs but share price takes a hit.
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Synlait Milk’s underlying first-half net profit rose 23.6% to $15 million as it maintained its margins on canned infant formula despite some slippage in margins on other products.
The company reported a 4% rise in statutory net profit to $10.6 million for the six months ended January.
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Jenny Ruth and Tina Morrison
Wed, 29 Mar 2017
Wed, 29 Mar 2017
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Synlait shares fall despite robust underlying profit
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