Problems with new software system compound difficulties with customer demand and cost pressures. A two-year recovery plan will now take three, says Synlait. Milk processor Synlait has warned its turnaround plan is taking longer than expected and profit for the year to July will be significantly lower than previous guidance. In a statement to the NZX this morning, Synlait said it was now expecting full year net profit of $15 million to $25m, down from Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/investment/synlait-issues-profit-warning/

#nbr