A2 Milk 'surprised' by Synlait downgrade
newscatcher
2023-04-25 23:30
A2 Milk 'surprised' by Synlait downgrade
Infant formula marketer says it hasn't reduced its demand by much. A2 Milk is milk processor Synlait's biggest customer. Infant formula marketer A2 Milk says it is 'surprised' by the size of its supplier Synlait's profit warning this morning but warned its own revenue growth for the year would be 'at the low end' of previous guidance. A2 Milk's statement to the NZX came hard on the heels of a $20 million Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/investment/a2-milk-surprised-by-synlait-downgrade/

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