Synlait Milk plunges to half-year $80.6m loss

Synlait's $80.6 million loss after 'perfect storm'

Synlait has described its half-year net loss as disappointing as it pledges to deliver a pathway to recovery.

Synlait Milk plunges to half-year $80.6m loss

Synlait Milk has reported a net loss after tax of $80.6 million, with a reported earnings before interest depreciation and amortisation loss of $34.7m. The...

Synlait outlines “recovery roadmap” after H1 loss

Synlait Milk today (23 March) sketched out its plans to for “recovery” after posting half-year losses of more than NZ$80.6m (US$47.1m).The post Synlait outlines “recovery roadmap” after H1 loss appeared first on Just Food.

Synlait cites ‘perfect storm’ for poor results

Reading Time: 2 minutes Synlait has reported an underlying net loss after tax of $27.3 million for the six months ending January 31, citing “a dairy processor’s perfect storm” as a major reason for the financial performance. Its reported net loss after tax was $80.6m, it had an EBITDA loss of $34.7m and an underlying EBITDA of $4.1m.  Its net debt increased 88% to $472.1m, revenue increased by $32.3m to $949m and its gross profit decreased by $8…