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SML - Synlait Milk News Story

NZD3.55 0.0  0.0%

Last Trade - 5:29am

Sector
Consumer Defensives
Size
Mid Cap
Market Cap £398.0m
Enterprise Value £653.7m
Revenue £721.6m
Position in Universe 354th / 1899

NZ's Synlait Milk withdraws FY21 forecast

Wed 3rd March, 2021 7:46pm
March 4 (Reuters) - Dairy firm Synlait Milk Ltd  SML.NZ  on
Thursday withdrew its forecast for full-year 2021, saying it
continues to face significant uncertainty and volatility within
its business.
    The New Zealand-based company said its previous 2021
forecast of achieving about half of the net profit after tax
from a year ago, will now not be attainable.
    

 (Reporting by Nikhil Subba in Bengaluru; Editing by Shinjini
Ganguli)
 ((Nikhil.Subba@thomsonreuters.com; Reuters Messaging:
Nikhil.Subba.thomsonreuters.com@reuters.net))
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