Synlait Milk Ltd. (AU:SM1) has released an update.
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Synlait Milk Ltd. reports a disappointing financial outcome for the full year ended July 31, 2024, but highlights significant progress in its business recovery with a strategic refocus on Advanced Nutrition products, resolution of disputes with The a2 Milk Company, and expansion into South East Asia. The company has successfully reset its balance sheet and continues to see customer growth, setting the stage for a return to profitability.
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