Synlait Milk (SML) reported a FY22 result largely in-line with our expectations with underlying NPAT of NZ$34.0m (FB; NZ$32.7m, consensus; NZ$33.0m); the key positive was lower debt than forecast (NZ$340m versus our NZ$379m and consensus NZ$392m) driven by better working capital improvements
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.