Synlait Milk First Half 2024 Earnings: NZ$0.32 loss per share (vs NZ$0.006 profit in 1H 2023)

Synlait Milk (NZSE:SML) First Half 2024 Results

Key Financial Results

• Revenue: NZ$652.9m (up 3.3% from 1H 2023).
• Net loss: NZ$70.0m (down from NZ$1.40m profit in 1H 2023).
• NZ$0.32 loss per share (down from NZ$0.006 profit in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Synlait Milk Earnings Insights

Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Food industry in New Zealand.

Performance of the New Zealander Food industry.

The company's shares are down 17% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Synlait Milk (1 is concerning) you should be aware of.

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