a2 Milk surprised at Synlait guidance cut, stands pat on outlook
a2 Milk owns nearly one fifth of Synlait shares
26 April 2023
1 minute read
By: New Zealand dairy firm a2 Milk Company said on Wednesday it was "surprised" at the extent of Synlait Milk's guidance cut after the milk producer flagged a potential loss for the 2023 fiscal on lower demand for certain products from a2 Milk, reported Reuters.
a2 Milk, which owns nearly a fifth of the shares of Synlait and is a major customer, left its earnings guidance largely unchanged.
