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SML - Synlait Milk profile

This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.

Synlait Milk 


NZX code: SML
Short name: Synlait Milk
Legal name: Synlait Milk Limited
Industry sector: Milk Production
NZX50 rank: 47 of 50
Head office address: 1028 Heslerton Road, Rd 13, Rakaia, 7783
Chairman: Graeme Milne
Chief executive: Leon Clement
Financial year ended: July
Locations: New Zealand
Auditor: Deloitte
Bankers: [Not Disclosed]

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Financial statement history

A. Recent trading and performance summary:

NPAT Earnings
per share
fye July mln mln cents
2016 $547 $34.4 23.5
2017 $759 $38.2 22.1
2018 $879 $74.6 41.6
2019 $1024 $82.2 45.9
2020 $1302 $75.2 42.0

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B. Recent financial position summary:

fye July bln bln %
2016 $0.590 $0.334 43.4
2017 $0.754 $0.361 52.1
2018 $0.794 $0.369 53.5
2019 $1.150 $0.658 42.8
2020 $1.492 $0.886 40.6

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C. Recent cash flows and positions:

Cash and equiv. 
at year end
fye July mln mln mln
2016 $104.4 $103.9 $2.0
2017 $131.9 $60.2 $73.8
2018 $98.4 $140.1 $32.1
2019 $321.1 $337.4 $16.0
2020 $214.9 $225.0 $5.90

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Description of trading activities 

Synlait Milk manufactures and sells milk powder and other milk products. These products include infant formula and base pediatric powders for blending into finished infant formula.

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CEO profile

Leon joined Synlait in August 2018. Most recently, he was Fonterra's Managing Director of Fonterra Brands NZ and prior to this was their Managing Director of Sri Lanka and Indian Subcontinent. 

Chairman profile

Graeme Milne joined Synlait in 2006 as a director. He is the Chairman of both Synlait Milk Limited and Synlait Milk Finance Limited. Currently, he is also Chair of Terracare Fertilisers Ltd, PF Olsen Limited and PF Olsen Group Limited.


Company website:
Investor information:
NZX listing:
Annual reports:

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