New Zealand's Synlait Milk hits one-month high after swinging to profit

Synlait Milk

27/09/2026 23:13

** Shares of Synlait Milk SML.NZ advance as much as 6.3% to NZ$0.425, its highest level since August 28
** Dairy producer posts H2 2026 results, reports net profit after tax of NZ$5.2 million ($2.94 million) versus a reported net loss of NZ$80.6 million in the first half 
** Reports annual total group revenue of NZ$1.94 billion, up 6% from the previous year
** Synlait will not provide guidance for the next five months, saying it is in a "transitional period" and seeks ways to scale the business
** Near 80,569 shares change hands, 1.1 times the 30-day average volume 
** Year to day, stock is down 33.6%


($1 = 1.7677 New Zealand dollars)

 (Reporting by Rudrannsh Mehra in Bengaluru; Editing by Mark Porter)
 ((Rudrannsh.Mehra@thomsonreuters.com))