September 18, 2018 / 8:47 PM / a month ago

New Zealand's Synlait Milk posts 89 percent jump in full year profit

Sept 19 (Reuters) - New Zealand’s Synlait Milk on Wednesday posted a 89 percent jump in full-year net profit, and said it planned to buy selected Talbot Forest Cheese assets.

Synlait’s net profit after tax for the year ending 31 July was NZ$74.6 million ($49.13 million), against NZ$39.5 million a year earlier.

The dairy company said top line revenue came in at NZ$879 million, compared with NZ$759 million a year ago.

$1 = 1.5184 New Zealand dollars Reporting by Chandini Monnappa in Bengaluru; editing by John Stonestreet

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