Revenue exceeded $1 billion for the first time, increasing 17 per cent to $1,024.3 million.
NPAT was below expectations, but uncertainty over the new plant Pokeno in Waikato in New Zealand.
Synlait’s financial result was characterised by ongoing growth in infant nutrition volumes, strong efficiency gains and an expansion in lactoferrin capacity and resulting sales.
Shares in Synlait (ASX:SM1) closed 1.91 per cent higher at $9.09.