New Zealand's Synlait Milk plunge to over 5-month low

Synlait Milk

03/02/2026 22:09

** Shares of Synlait Milk SML.NZ fall as much as 8.7% to NZ$0.58, their lowest level since August 18, 2025

** The dairy producer forecasts reported net loss after tax between NZ$77 million and NZ$82 million ($46.66 million and $49.69 million) for the half-year ended January 31, compared with a profit of NZ$4.8 million a year earlier.

** Says higher costs, operational impacts and lower relative returns from its commodities portfolio hit earnings

** About 182,295 shares change hands, 2.3x the 30-day average

** Stock down 9.4% this year, including session moves

($1 = 1.6502 New Zealand dollars)

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com))