Synlait shares surge as dairy firm trims FY loss, unveils $177 mln asset sale

Synlait's shares have seen a significant surge following the company's announcement of a reduced financial year loss and a substantial asset sale worth $177 million. This positive development not only reflects the company's efforts to stabilize its finances but also boosts investor confidence in the dairy sector, which has faced challenges recently. The asset sale is expected to enhance Synlait's operational efficiency and pave the way for future growth.