Synlait Milk Ltd. ( (AU:SM1) ) has provided an update.
Synlait Milk Limited has reported a return to profitability for the half-year ending January 31, 2025, with an EBITDA of $63.1 million and a net profit after tax of $4.8 million. This marks a significant recovery from the previous year, attributed to improved operational performance, cost control, and increased demand for advanced nutrition products. The company is optimistic about its milk supply for the next financial year, with most South Island farmer suppliers not under cease, and expects to attract new suppliers. Synlait aims to continue enhancing operational efficiency and managing costs to maintain its positive trajectory.
More about Synlait Milk Ltd.
Synlait Milk Limited is a company operating in the dairy industry, primarily focused on producing milk and milk-based products. The company is based in Canterbury, New Zealand, and is known for its advanced nutrition offerings and strong relationships with South Island farmer suppliers.
YTD Price Performance: 137.66%
Average Trading Volume: 106,921
Technical Sentiment Signal: Sell
Current Market Cap: A$556M
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