1H18 Group Revenue %
Infant Formula: 78.4%
Liquid Milk: 16%
Other: 5.6%
Keep in mind that this is the result before the 1st of January 2018, which means before they started selling directly to China.
69.9% of the revenue comes from ANZ, 26.3% comes from China and other Asia. And Synlait still holds the exclusive supply rights for infant formula into ANZ and China (Where most of the revenue is coming from). Expect another significant increase in revenue when Synlait releases full-year results later this year.
Just my personal opinion.
What’s your reason for holding?, page-2
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