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    Synlait Milk (ASX:SM1) announces full year results

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    Synlait Milk (ASX:SM1) announced financial results for the full-year ended 31 July 2022.

    Revenue up 21% to $1.66 billion.

    Net Profit After Tax (NPAT) up $67.0 million to $38.5 million.

    Adjusted NPAT up $62.4 million to $34.0 million.

    Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) up $91.8 million to $129.1 million.

    Adjusted EBITDA up $79.8 million to $117.2 million.

    Net debt down 29% to $341.9 million.

    Operating cash flows up $214.5 million to $232.9 million.

    Impairment charge of $12.2 million due to continued idling of Temuka cheese plant.

    Gain on sale and leaseback of Auckland land and building of $11.9 million.

    Following the announcement the company?s share price fell 4.100%.

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