NZ's Synlait Milk falls most in a month on downbeat HY earnings

Synlait Milk

22/03/2026 23:38

** Synlait Milk SML.NZ falls as much as 2.1% to NZ$0.475; marks biggest intraday pct loss since February 24

** Dairy producer posts HY net loss after tax of NZ$80.6 mln (~$47 mln) vs year-ago profit of NZ$4.8 mln

** Flags manufacturing challenges in New Zealand's Dunsandel facility

** However, logs HY revenue of NZ$949 mln, up from NZ$916.8 mln a year ago

** Withdraws guidance for remainder of FY

** YTD, SML down 25%

($1 = NZ$1.7161)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))