Synlait Milk flags first-half loss on rising costs
NZ dairy firm sees up to NZ$82 mln loss for H1
5 February 2026
1 minute read
By: New Zealand's Synlait Milk said on Wednesday it expects to post a loss for the first half of fiscal 2026 as higher costs, operational impacts and lower relative returns from its commodities portfolio hit earnings, reported Reuters.
The dairy producer forecast a reported net loss after tax of between NZ$77 million and NZ$82 million for the half-year ended January 31, compared with a profit NZ$4.8 million ($2.90 million) a year earlier.
($1 = 1.6548 New Zealand dollars)
