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Synlait Milk revises FY2014 forecast earnings
News ItemA reduced advantage from a favourable product mix in the second half of the year, and a consistently high New Zealand foreign exchange rate has resulted in a reduction in forecast net profit after tax of approximately $7.5 million for the financial year.
Synlait Milk confident of China registration
News ItemThe initial list of registered New Zealand companies issued today by the Certification and Accreditation Administration of the People's Republic of China (CNCA) did not include Synlait Milk as an exporter of finished infant formula into China. This announcement has been anticipated by the Company for some time.
Synlait Milk well positioned for China’s regulation changes
News ItemSynlait Milk Managing Director Dr John Penno says the Company remains confident in its nutritional strategy and is encouraged following last Thursday’s announcement by the Ministry for Primary Industries that it expects Synlait Milk to receive registration by the Certification and Accreditation Administration of the People's Republic of China (CNCA) as an exporter of finished infant formula into China.
Synlait Milk posts $12.1 million half year NPAT
News ItemSynlait Milk Chairman Graeme Milne today announced that Synlait Milk has posted a $12.1 million net profit after tax for the first six months to 31 January 2014, an increase of $5.3 million on the $6.8 million for the same period in 2013.
Synlait Milk welcomes FrieslandCampina’s increased shareholding
News ItemSynlait Milk welcomes today’s announcement by FrieslandCampina Investments Holding B.V., a subsidiary of Royal FrieslandCampina, that it has increased its shareholding in Synlait Milk from 7.5% to just under 10%.
Synlait Milk commits to state of the art full service laboratory
News ItemSynlait Milk has committed to building a state of the art full service quality testing laboratory to further support its position as a supplier of high quality value added ingredients, and infant formula and nutritional products.
Synlait Milk increases forecast milk price and year end result
News ItemContinuing high international commodity prices have resulted in Synlait Milk increasing its forecast milk price for the FY2014 season from $8.00 per kgMS to a range of $8.30 to $8.40 per kgMS.
Synlait Milk expects to outperform financial targets
News ItemSynlait Milk expects to outperform financial targets on the basis of a favourable product mix.
Shareholders welcome Synlait Milk plans for growth
News ItemSynlait Milk’s performance for the 2013 financial year and its plans for the future were welcomed at its Annual Meeting of Shareholders, held today in Christchurch.