Synlait Milk moves back into profit after horror 2024
Source: dairynews.today
Dairy company Synlait Milk reports a modest first half profit as a series of strategic financial moves led to recovery from significant losses in the previous year.
In a significant turnaround, New Zealand dairy company Synlait Milk has reported a profit of $4.8 million for the first half of 2025, rebounding from a $96.2 million loss in 2024.
The company's recovery was spurred by a cash injection from major shareholders, debt reduction, cost-cutting measures, and increased sales. Revenue increased by 16%, reaching $917 million, while debt was cut by 29% to $392 million.
Acting Chief Executive Tim Carter noted the accomplishment as a major feat given the company's struggles last year with falling sales and a major customer dispute. With a focus on sustainable growth, Synlait sets its sights on consistent delivery while working towards further financial stabilization.
The company's recovery was spurred by a cash injection from major shareholders, debt reduction, cost-cutting measures, and increased sales. Revenue increased by 16%, reaching $917 million, while debt was cut by 29% to $392 million.
Acting Chief Executive Tim Carter noted the accomplishment as a major feat given the company's struggles last year with falling sales and a major customer dispute. With a focus on sustainable growth, Synlait sets its sights on consistent delivery while working towards further financial stabilization.
