Canterbury milk processor Synlait is expecting to return to profitability in the first half of the financial year

Synlait had a horror 2024, having to get its two largest shareholders - China's Bright Dairy and The a2 Milk Company - to bail it out in the form of a 218-million dollar capital raise to repay debt.

It also went on to report a full-year loss of 181-million.

According to Business Desk, there's cautious optimism from the company, thanks to various factors including new advanced nutrition products, and strong performance off the back of improvement of foreign exchange.