Key Highlights
- Revenue increased 16.5% year-on-year to $1.0M in FY2019
- Net profit rose 10.3% to $82K, suggesting operational leverage gains
- EBITDA reached $152K, indicating underlying cash generation capacity
- EPS of 45.9 cents reflects per-share earnings contribution
- Management guidance indicates "maintain" direction with growth drivers identified for coming periods
Financial Performance
Synlait Milk Limited's FY2019 results indicate revenue expansion of 16.5% year-on-year, reaching $1.0M for the full-year period. This growth appears to have been accompanied by net profit expansion of 10.3% to $82K, suggesting the company achieved modest profitability improvements during the reporting period.
EBITDA of $152K and EBIT of $125K indicate the company generated earnings before interest, tax, depreciation and amortisation during the year. The relationship between these metrics suggests depreciation and amortisation charges of approximately $27K, which may reflect the capital-intensive nature of dairy processing operations and recent facility investments.
Earnings Analysis
The 10.3% growth in net profit outpaced the broader revenue expansion rate of 16.5%, which could indicate margin compression or the impact of increased operating costs relative to sales growth. However, based on available data, the company appears to have maintained profitability during FY2019, with positive net earnings of $82K reported.
Outlook & Guidance
Management commentary suggests expected earnings growth will be driven by "continued momentum in consumer packaged infant formula," alongside a full year of operational contribution from advanced liquid dairy and lactoferrin facilities. The company also indicated first sales of long-life products and progression of its Everyday Dairy strategy will contribute to future performance. Additionally, management noted that Synlait Pokeno would be commissioned shortly, representing a further production capacity addition.
What This Means
Synlait's FY2019 results indicate a company in a growth and investment phase, with management prioritising facility expansion and product diversification over near-term profit maximisation. The absence of dividend payments suggests capital is being retained for operational development. The company's governance score of 66.9/100 (Good) indicates reasonable standards in this area. Investors should note that current market data shows the share price at $0.48 as of 9 March 2026, with a 30-day price change of -7.6%, though historical context indicates the company has experienced significant profitability volatility in subsequent years.
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This article was generated from structured NZX data by NZXplorer's automated reporting system. It is provided for informational purposes only and does not constitute financial advice. Data sourced from NZX company announcements and public filings. Always consult a licensed financial adviser before making investment decisions.