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Synlait issues profit warning

Half-year profit down and lower growth ahead, but no coronavirus impact so far.

Tim Hunter Thu, 13 Feb 2020

Milk processor Synlait has warned its profits for the year to July could be lower than expected as infant formula sales in China took a double hit from slower growth and supplier consolidation.

In a statement to the NZX, Synlait said its net profit was expected to be $70 million to $85m for the

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Tim Hunter Thu, 13 Feb 2020
Contact the Writer: thunter@nbr.co.nz
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Synlait issues profit warning
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