Synlait trims loss with NZ$307 mln asset sale
Abbott to buy New Zealand dairy firm’s North Island sites
30 September 2025
1 minute read
By: New Zealand's Synlait Milk on Monday reported a narrower annual net loss, while announcing the sale of its North Island assets for nearly NZ$307 million ($177.20 million) to US-based Abbott Laboratories, reported Reuters.
The dairy producer reported a total net loss after tax of NZ$39.8 million ($22.97 million) for the year ended July 31, after posting a loss of NZ$182.1 million last year.
($1 = 1.7325 New Zealand dollars)
