Synlait drives into the red
Full-year net loss now expected.
Tim Hunter
Mon, 24 May 2021
Milk processor Synlait has issued a profit warning two weeks after a fourth profit downgrade from its major customer A2 Milk.
In a statement to the NZX, Synlait said it now expected to make a net loss of $20 million to $30m for the year to July.
Its previous guidance issued on March 29
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Tim Hunter
Mon, 24 May 2021
Contact the Writer: thunter@nbr.co.nz
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Synlait drives into the red
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