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Synlait cites ‘perfect storm’ for poor results
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Synlait cites ‘perfect storm’ for poor results
Reading Time: 2 minutes Synlait has reported an underlying net loss after tax of $27.3 million for the six months ending January 31, citing “a dairy processor’s perfect storm” as a major reason for the financial performance. Its reported net loss after tax was $80.6m, it had an EBITDA loss of $34.7m and an underlying EBITDA of $4.1m. Its net debt increased 88% to $472.1m, revenue increased by $32.3m to $949m and its gross profit decreased by $8…
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