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- Release Date: 03/09/13 14:50
- Summary: FORECAST: SML: Synlait Milk raises forecast milk price for FY2014 season
- Price Sensitive: No
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SML
03/09/2013 12:50
FORECAST
REL: 1250 HRS Synlait Milk Limited (NS)
FORECAST: SML: Synlait Milk raises forecast milk price for FY2014 season
Continuing high international commodity prices have seen Synlait Milk
increase its forecast milk price for the FY2014 season from $7.00 per kgMS to
$8.00 per kgMS.
The Company also lifted its advance rates for the season effective from
August paid September from $4.50 per kgMS to $5.00 per kgMS.
Synlait Milk announced last week that it will process more milk than forecast
this season following a decision to take a significant allocation of DIRA
milk that will increase total production volumes of its ingredients products.
Synlait Milk Managing Director John Penno says the Company remains confident
in achieving its forecast financial result for FY2014.
"Higher than forecast revenue from high commodity prices and additional
processing volumes mean we remain confident of achieving our FY2014 earnings
targets at these increased milk prices."
End CA:00240600 For:SML Type:FORECAST Time:2013-09-03 12:50:18
