Synlait Milk First Half 2023 Earnings: EPS: NZ$0.022 (vs NZ$0.13 in 1H 2022)

Synlait Milk (NZSE:SML) First Half 2023 Results

Key Financial Results

• Revenue: NZ$769.8m (down 2.6% from 1H 2022).
• Net income: NZ$4.81m (down 83% from 1H 2022).
• Profit margin: 0.6% (down from 3.5% in 1H 2022).
• EPS: NZ$0.022 (down from NZ$0.13 in 1H 2022).

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 6.9% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Food industry in New Zealand.

Performance of the New Zealander Food industry.

The company's shares are down 13% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Synlait Milk (1 is potentially serious!) that you need to take into consideration.

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