Synlait to spend $305 million on capex to support growth, identify second site
By Fiona Rotherham Nov. 29 (BusinessDesk) - South Island milk processor Synlait Milk has said it will spend a further $305 million on a capital expansion programme over the next three years including investing in a second site which should be identified by the end of the 2017...
Food supplement firm Oceania Natural makes first-half loss as it builds China distribution
By Fiona Rotherham Nov. 29 (BusinessDesk) - NXT-listed Oceania Natural, the food supplement firm, has reported a first-half loss after softer sales while it focused on building new direct channels in China. The Auckland company’s unaudited interim financial statements for t...
Synlait Milk increases forecast milk price to $6/kgMS to match Fonterra
By Fiona Rotherham Nov. 29 (BusinessDesk) - South Island dairy products processor Synlait Milk has increased its forecast farmgate milk price by $1 to $6 per kilogram of milk solids for the 2016/2017 season, in line with Fonterra’s updated forecast this month. Synlait had p...
Building boom powers Bunnings NZ bumper annual profit
By Fiona Rotherham Nov. 29 (BusinessDesk) - Bunnings, the home improvements product chain owned by Australian Wesfarmers, has more than doubled annual net profit in New Zealand for the second year in a row as it benefits from a construction boom stimulating demand for building...
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