date:Mar 27, 2014
New Zealand small dairy operator Synlait Milk Ltd reported a 78 percent rise in first half profit on Thursday on a big lift in sales, but lowered its full year forecast.
The company, which listed on the stock exchange last July, reported a profit of NZ$12.1 million ($10.4 million) for the six months to Jan 31 compared with NZ$6.8 million the year before.
Synlait said it expected a full year profit of NZ$25 million to NZ$30 million, because of regulatory changes in China, the impact of the Font