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Speaker 1: Have I got good news for you from the land.

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Speaker 1: Sin Lay tells us the bounce back is on. You

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Speaker 1: remember last year there was the debt, the boat, the

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Speaker 1: battle for survival. Now profitability is forecast for the first

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Speaker 1: half result in March. It's share prices up thirty five

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Speaker 1: percent since Friday. The sin Lay's acting CEO, Tim Carter's

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Speaker 1: with us. Tim, very good morning to you.

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Speaker 2: Yeah, welcome. I could have to be here, Mike, and.

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Speaker 1: It is for you clearly a happy new year.

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Speaker 2: Yeah, yeah, it is good news. It was good news

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Speaker 2: and in particular really good news to be able to

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Speaker 2: go and talk to our farmers that you know, I

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Speaker 2: turn around is on track and you know half your

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Speaker 2: guidance is positive. But I think the big message also, micaus,

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Speaker 2: they still work to We're not jumping from the rooftop

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Speaker 2: an I think a lot.

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Speaker 1: Something specific or you're riding dairy in the auction prices.

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Speaker 2: Generally, No, we look very much. We're very targeted on

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Speaker 2: what we're doing. We've used data. I guess they're really

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Speaker 2: tell us where the opportunities lie in the business and

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Speaker 2: you can see that through through the release. You know,

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Speaker 2: new business development is starting to show the return that

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Speaker 2: the work that's got on it so an advanced nutrition.

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Speaker 2: We've brought on new multinational customers, certainly in the infant

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Speaker 2: base powder sector, Mike, which has been really pleasing. And

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Speaker 2: that's for demand up into Southeast Asia and China in particular.

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Speaker 2: You're right in terms of our strong performance in our

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Speaker 2: ingredients business. You know, we've been really up to focus

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Speaker 2: on that optimized product mix. The demand that's been out

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Speaker 2: there globally, coupled with that exchange.

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Speaker 1: Rate what you need to sorry carry out and.

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Speaker 2: So you need to manage that daily. That's been very specific.

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Speaker 2: And then the good old cost control Mike. You know,

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Speaker 2: we've really been ruthless going through the business and making

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Speaker 2: sure we're right size in the business in the right areas.

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Speaker 2: You know, consulting spin has been reduced, and then optimizing

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Speaker 2: ceiling in our asset manufacturing footprint.

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Speaker 1: Good. What role does China play and are you bullisholmen?

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Speaker 2: Look, China's China. They are a significant market. They always

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Speaker 2: play an important role. I think we're still uncertainly in China,

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Speaker 2: you know, are they in are they are just seeing

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Speaker 2: birth rates come back? But you know, interesting enough, birth

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Speaker 2: rates weren't quite in the lows that was predicted, so

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Speaker 2: I guess that's a that's a promising point. You'll see

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Speaker 2: GDT for the last quarter, sorry GDTs. GDP for the

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Speaker 2: last quarter was better than expected, so it's there. I

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Speaker 2: think everyone's sitting and watching and hopefully that comes back

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Speaker 2: in and they'll continue to drive some growth.

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Speaker 1: Fantastic. I'm stoked for you, Tim, Well done, Tim Carter,

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Speaker 1: who's the Sinlay acting CEO.

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Speaker 2: For more from the Mic Asking Breakfast, listen live to

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Speaker 2: news talks that'd be from six am weekdays, or follow

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Speaker 2: the podcast on iHeartRadio.