March 20, 2018 / 8:03 PM / a month ago

BRIEF-Synlait Milk Posts H1 Net Profit After Tax NZ$40.7 Mln

March 21 (Reuters) - Synlait Milk Ltd:

* H1 REVENUE NZ$439.3 ‍​MILLION VERSUS NZ$288.7 MILLION​

* ‍RESEARCH AND DEVELOPMENT SPENDING IS FORECAST AT $7 MILLION IN FY18​

* INVESTING NZ$125 MILLION IN NEW LIQUID DAIRY PACKAGING FACILITY AT SYNLAIT DUNSANDEL‍​

* “SECOND HALF OF FY18 IS NOT EXPECTED TO BE AS STRONG AS THE FIRST HALF”

* H1 NET PROFIT AFTER TAX (NPAT) OF NZ$40.7 MILLION VERSUS NZ$10.6 MLN‍​ Source text for Eikon: Further company coverage:

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