bullish

Synlait Milk

Synlait Milk: FY22 Result – Initial Impressions

142 Views03 Oct 2022 08:01
Broker
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
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Forsyth Barr
New Zealand Professional Investment Services Firm
New ZealandEquity Bottom-Up
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