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Synlait’s comeback delayed as costs stay high
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Synlait’s comeback delayed as costs stay high
Reading Time: 2 minutes Dairy company Synlait is forecasting a hefty half-year loss as its recovery takes longer than hoped. The company has forecast a net loss after tax of between $77 million-$82m for the six months ended January. The company – a key supplier to A2 Milk – said manufacturing challenges at its Dunsandel plant in Canterbury had been resolved, but the need to rebuild inventory pushed up costs, forcing Synlait to sell more raw milk…
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