Displaying items by tag: John Penno

Canterbury-based independent milk processor Synlait Milk has reported a drop in profit, largely due to decreases in dairy prices.

Synlait Milk is pairing up with US company, Munchkin Inc. in a deal that aims to increase premium earning milk supply opportunities.

South Canterbury processor Synlait Milk says milk supply has not been affected despite prolonged dry weather in the region.

Synlait Milk has posted a $19.6 million net profit after tax for the year ending July 2014, up 70% on the previous year.

Synlait Milk has received MPI approval of its risk management programme at its dry blending and consumer packaging plant.

SYNLAIT HAS appointed Mike Lee to the newly created role of general manager sales reporting to the managing director Dr John Penno.

SYNLAIT MILK expects to outperform financial targets on the basis of a favourable product mix.

Listed Dairy processor Synlait Milk has announced an $11.5 million net profit for the year ending July 31, 2013, an increase of $7.1m on the previous year.

South Canterbury milk processor Synlait Milk's shares jumped 58c shortly after its launch on the NZ Stock Exchange today.

THE FIRST BATCH of infant formula from Canterbury processor Synlait Milk goes on sale in Shanghai supermarkets next month.