Displaying items by tag: Synlait

Listed Canterbury milk processor Synlait isn't ruling out more painful news for its shareholders this financial year.

Troubled milk processor Synlait has been dealt another blow with cornerstone stakeholder a2 Milk Company (a2MC) giving notice to pull the plug on an exclusive manufacturing deal.

Synlait has matched Fonterra in delivering a final milk price of $8.22/kgMS for last season.

Troubled Canterbury milk processor Synlait has posted a loss of $4.3 million for 2023 financial year, a major reversal from a $38m profit the previous year.

OPINION: Troubled Canterbury milk processor Synlait continues to undergo changes.

Troubled Canterbury milk processor Synlait has received a boost with Chinese authorities giving the company the green light to manufacture and export infant formula for the next four years.

Four years after splashing $150 million on two cheese companies, troubled milk processor Synlait is now looking at divestment.

OPINION: Listed Canterbury milk processor Synlait is fighting an uphill battle to get its business in order.

Canterbury milk processor Synlait's recovery has hit a roadblock with a major profit downgrade and signs of a strained relationship with a key customer and stakeholder.

Despite a big drop in its half year profit Synlait Milk says there are a number of bright spots as reduced demand sees it extend out its recovery from two to three years.