NZ's Synlait sees higher earnings for the full year

New Zealand's Synlait Milk SML said on Wednesday it expects an underlying earnings before interest, taxes, depreciation and amortization (EBITDA) in the range of NZ$100 million ($59.52 million) to NZ$110 million for the financial year ending 31 July.

The company reported an underlying EBITDA of NZ$45.2 million a year ago.

($1 = 1.6801 New Zealand dollars)