Synlait Milk Limited announced that its forecast for fiscal 2014 financial performance continues to improve and expects the company will benefit from both earnings growth in its value added categories and a favourable product mix for the remainder of fiscal 2014. Assuming current market conditions prevail its fiscal 2014 net profit after tax will be significantly ahead of the prospectus forecast of $19.8 million, and is forecast to be in the range of $30.0 to $35.0 million.

The company also expects to commission its lactoferrin plant late February with commercial production commencing from early March. While this is a little behind the planned commissioning date, the company expects to exceed its forecast two metric tonnes of lactoferrin sales in fiscal 2014.