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Synlait Milk profit falls 111 percent after easing demand, high inflation and bad weather

Summary by Ground News

Synlait Milk's profit has fallen 111 percent after a "highly challenging year" of easing demand, high inflation and extreme weather events. The results come less than a week after A2 milk cancelled its exclusive supply agreement with Synlait. Chairman Simon Robertson said the results were "challenging and not where we need them to be"

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Synlait Milk profit falls 111 percent after easing demand, high inflation and bad weather

The results come less than a week after A2 milk cancelled its exclusive supply agreement with Synlait.

2 years ago·New Zealand

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RNZ broke the news in New Zealand 2 years ago on Sunday, September 24, 2023.

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