![Synlait Supreme Court hearing on Pokeno underway](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Synlait Supreme Court hearing on Pokeno underway
Synlait is appealing a decision which ruled covenants must stand.
Synlait is appealing a decision which ruled covenants must stand.
Synlait expects to pay $7.05 per kilogram of milk solids for the season just ending.
A2 supplier says NZ has a chance to reset its export model.
People still need to eat, Leon Clement says.
But the milk processor says it is still seeing no operational impact from Covid-19.
Fonterra recognises a sustained drop in consumption would impact sales
An oral hearing will be held ahead of Supreme Court decision on Synlait land.
COMMENT: Fonterra, Synlait and A2 Milk face various cost impacts.
Home delivery is coming back in some towns, with boutique supplies delivered in glass.
Is it in New Zealand's best interests?
Synlait posted a net profit of $37.7m.
Synlait profit jumped to $40.7 million from $10.2 million a year earlier.
Z Energy, A2 Milk and Metro Glass shares also make gains.
Synlait gains manufacturer registration for a2 Milk's China label infant formula.
NZ Refining stock falls amid pipeline repiar, while Synlait retreats from high.
Synlait Milk posted a 3.8 per cent lift in first-half profit.
Friesland Compina will sell its 8.17 per cent stake in Canterbury's Synlait Milk to a2 Milk.
Synlait has been named the winner of this year's Deloitte Top 200 Best Growth Strategy category.
The winners of the 2016 Deloitte Top 200 Awards were celebrated at a black tie event this evening with Z Energy winning big.
South Island dairy products processor Synlait Milk has increased its forecast farmgate milk price by $1 to $6 per kilogram of milk solids.
Some dairy farmers in the South Island might have to dispose of their milk due to road closures and other issues.
A big increase in formula sales has driven NZX-listed Synlait Milk to a record profit.
Synlait Milk says its annual profit more than doubled on sales of higher-margin products.
Synlait Milk said its forecast milk price for the 2016/2017 would carry a higher-than-usual advance rate for milk suppliers.
Synlait Milk said it was on track towards racking up its most profitable year ever after a big increase in infant formula sales drove its first-half earnings sharply higher.
Synlait expects premium payments to its farmer suppliers to double, mainly on the back of a boom in infant formula sales.
The South Island dairy processor will need to consider investing in expansion given the rapid growth of A2, analysts say.