19 March 2020

Synlait publishes Half Year 2020 Result

Synlait Milk Limited (Synlait) today reported its financial results for the six months ended 31 January 2020.

HALF YEAR 2020 FINANCIALS AT A GLANCE

• Revenue up 19% to $559 million
• Earnings before interest, taxes, depreciation and amortisation (EBITDA) in line with HY19 at $67.6 million
• Sales of consumer-packaged infant formula increased 22% to 21,571 MT
• Net profit after tax (NPAT) down 30% reflecting higher depreciation and interest costs as we invest for growth. Due to month-end shipping challenges, we fell slightly below our guidance range. This is a timing issue and has no impact on FY20 guidance

FY20 GUIDANCE UPDATE

Synlait reiterates it remains comfortable with its full year 2020 earnings guidance range, which was updated in February 2020.

 

Synlait HY20 Shareholder Newsletter

Synlait HY20 Investor Presentation

Synlait HY20 Financial Statements

Link to HY20 conference call with CEO and CFO below: