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Hot Topic Hawke’s Bay
Investment
2 mins to read

Synlait shares hit record low

UPDATE: Profit warning hits shares and listed bonds after big customer cuts infant formula demand.

Synlait has cut its 2023 profit expectations by $20m.

NBR Staff Wed, 26 Apr 2023

UPDATE: Shares in milk processor Synlait plunged 11% to a record low of $1.90 when trading resumed this morning after the company’s latest profit warning.

The drop is the latest in a precipitous fall since a 2023 high of $3.59 as recently as mid-February.

Trading in the company’s $180m of listed

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NBR Staff Wed, 26 Apr 2023
Contact the Writer: editor@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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