The latest update is out from Synlait Milk Ltd. ( (AU:SM1) ).
Synlait Milk Ltd. has returned to profitability for the six months ending January 31, 2025, marking a significant commercial achievement compared to its position a year ago. The company reported a total group EBITDA of $63.1 million, slightly above its guidance range, and a net profit after tax of $4.8 million. This turnaround was largely facilitated by an equity placement in October 2024 and a focus on operational efficiency, cost management, and rebuilding farmer trust. The company is optimistic about maintaining this momentum with a new CEO starting in May 2025 and an ongoing review of its strategy and identity.
More about Synlait Milk Ltd.
Synlait Milk Ltd. operates in the dairy industry, focusing on manufacturing dairy products. The company is known for its milk processing capabilities and has a market focus on securing milk supply in Canterbury. It aims to deliver high-quality dairy products while continuously developing new business opportunities.
YTD Price Performance: 137.66%
Average Trading Volume: 106,921
Technical Sentiment Signal: Sell
Current Market Cap: A$556M
Learn more about SM1 stock on TipRanks’ Stock Analysis page.