Plant-based bubble bursts
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
Synlait Milk’s annual meeting of shareholders yesterday highlighted that their record 2016 profit of $34.4 million showed their value added strategy is successful.
Synlait has successfully completed its pro rata entitlement offer announced on September 19, raising $98 million of new equity.
Synlait has had its strongest year yet, tripling after-tax profit to $34.4 million for the year to July 31.
Infant formula and nutritionals will dominate Canterbury milk processor Synlait's sales over the next seven months.
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
OPINION: Synlait's financial woes won’t be going away anytime soon.