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Synlait Milk Says FY Net Profit After Tax Down 9.0% To NZ$75.2 Mln
Synlait Milk Says Opening Forecast For 2020/2021 Season Is NZ$6.00 Kgms
A2 Milk Increases Shareholding In Synlait
Synlait Milk Limited is a dairy processing company. The Company is engaged in manufacturing of nutritional solutions, value added products and specialty ingredients. It manufactures and sells milk powder and milk powder-related products. It manufactures specialized milk powders for infant formula manufacture and base pediatric powders for blending into finished infant formula, and finished infant formula products. Its products include infant and adult nutritional formulations, functional food ingredients and specialized products. The infant nutritional powder is a nutritional product. The ingredient products include whole milk powder, skim milk powder and anhydrous milk fat. The specialty product is synlait lactoferrin. The Company has 140,000 metric tons of annual production capacity and packages upto 30,000 metric tons of canned infant formula. It exports its products around the world to Asia, Middle East and Africa and other regions. Its subsidiary is Synlait Milk Finance Limited.
1028 Heslerton Road
Rakaia 7783, Private Bag 806
Graeme Roderick Milne
Independent Chairman of the Board
Chief Executive Officer
Chief Financial Officer
General Manager - Strategic Projects
General Manager - Manufacturing
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Synlait Milk revised downward its milk price forecast for the current season on Thursday, citing lower dairy prices in tandem with a global slump in commodity prices during the new coronavirus pandemic.
* Structural issues in China hurting Synlait - analyst (Adds details on outlook, CEO comment, analyst comment, shares)
Synlait Milk Ltd said on Thursday it expects lower half-year profit due to registration delays in China for infant formula.
Synlait Milk raised its milk price forecast on Monday, pointing to higher global prices it expects to hold for the rest of the 2019-2020 season.
* Sees continued growth in profits for fiscal 2020 (Updates throughout with share movement, analyst comment, background)
New Zealand's Synlait Milk on Thursday posted a 10% rise in annual profit driven by higher infant formula sales during the year.
New Zealand's Synlait Milk Ltd said on Monday it would revise down its milk price forecast for the 2018/2019 season to NZ$6.25 ($4.27) kilogramme of milk solids (kgMS) due to decreasing dairy commodity prices.
New Zealand's Synlait Milk on Wednesday posted an 89 percent jump in full-year net profit and cut its forecast milk price for the current 2018-2019 season to NZ$6.75 per kilogram of milk solids (kgMS)from NZ$7 per kgMS set earlier.
New Zealand's a2 Milk Co said on Friday it would acquire an 8.2 percent stake in Synlait Milk Ltd for about NZ$161.8 million ($108.9 million), prompting Synlait's shares to jump 5 percent.
New Zealand's a2 Milk Co said on Friday it would acquire an 8.2 percent stake in Synlait Milk Ltd for about NZ$161.8 million ($108.9 million).
Synlait Milk Ltd <SML.NZ> <SM1.AX> said on Tuesday that it extended its supply deal with a2 Milk Company <ATM.NZ> <A2M.AX> by two years.
Synlait Milk Ltd said on Tuesday that it extended its supply deal with a2 Milk Company by two years.
New Zealand's Synlait Milk <SML.NZ> on Tuesday said external candidate Leon Clement will assume the role of chief executive officer from mid-August.
Dairy products maker Synlait Milk on Tuesday said external candidate Leon Clement will assume the role of Chief Executive Officer from mid-August.
New Zealand's Synlait Milk on Wednesday said its milk powder plant at its site southeast of Auckland would be commissioned for the 2019-20 season.
Australian shares were little changed on Wednesday as losses in real estate firms and telcos offset gains in resources stocks, amid wider investor caution ahead of the Federal Reserve's policy meeting.
* RESEARCH AND DEVELOPMENT SPENDING IS FORECAST AT $7 MILLION IN FY18
New Zealand's Synlait Milk Ltd on Wednesday reported a record first-half net profit, helped by booming Chinese demand for infant formula from its branding partner, a2 Milk Company Ltd.
* BUYS 28 HECTARES OF LAND IN POKENO, NORTH WAIKATO, TO ESTABLISH SECOND NUTRITIONAL POWDER MANUFACTURING SITE
* CLARIFIES ANNOUNCEMENTS MADE BY A2 MILK & FONTERRA DO NOT CHANGE CO'S EXCLUSIVE INFANT FORMULA SUPPLY ARRANGEMENTS TO A2 MILK Source text for Eikon: Further company coverage:
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