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28 Jan 2025 2:22
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      Home > News > Business

    Canterbury milk processor Synlait is expecting to return to profitability in the first half of the financial year

    Canterbury milk processor Synlait is expecting to return to profitability in the first half of the financial year


    Synlait had a horror 2024, having to get its two largest shareholders - China's Bright Dairy and The a2 Milk Company - to bail it out in the form of a 218-million dollar capital raise to repay debt.

    It also went on to report a full-year loss of 181-million.

    According to Business Desk, there's cautious optimism from the company, thanks to various factors including new advanced nutrition products, and strong performance off the back of improvement of foreign exchange.

    © 2025 Newstalk ZB, NZCity

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