Michael Plank, University of Canterbury; Shaun Hendy, University of Auckland, and Siouxsie Wiles, University of …
Read More »Synlait annual profit slumps 46% as lactoferrin sales struggle, cuts forecast payout
By Paul McBeth Sept. 22 (BusinessDesk) – Synlait Milk, which counts China’s Bright Dairy & Food as its biggest shareholder, posted a 46 percent drop in annual profit as lactoferrin sales missed expectations and it kept milk payments high enough to ensure supply. Synlait cut its payout forecast for the current season. Net profit dropped to $10.6 million, or 7.21 cents per share, …
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