close
MENU
Hot Topic Budget 25
How to guide
How to guide
Home
NBR Marketplace
The NBR List
NBR Video

Categories

General Business Investment Economics Te Ao Māori Politics Infrastructure Australia Tech & Innovation Finance Law Professional Services Primary Industries Retail Property Deals Marketing & Media Tourism Energy Luxury Property Aviation News Comings & Goings

Analysis

All Economy Matters Edwards on Politics Hunter’s Corner Last Word Margin Call On the Money Shoeshine Underarm NBR Focus

Featured

The NBR Podcast Morning Brew The Grind Entrepreneurs Your Business Beehive Banter Toil & Trouble Market Outlook Dollars & Sense Local Edge Private Bin Audio Articles Podcasts NZ Aviation News Back Issues NBR Radar (Archive) Opinion (Archive) NBR Rich List (Archive)
Hot Topic Budget 25
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

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
View terms and conditions.
Individual
Group membership
NBR Marketplace

Smartphone Only Subscription

NZ$29.95 / monthly

Monthly Premium Online Subscription

NZ$49.95 / monthly

Smartphone Only Annual Subscription

NZ$299.00 / yearly

Yearly Premium Online Subscription

NZ$499.00 / yearly

Premium Group Membership 10 Users

NZ$385+GST / monthly

$38.5 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$660+GST / monthly

$33 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1375+GST / monthly

$27.5 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$2100+GST / monthly

$21 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$999.00 / yearly

Already have an account? Login
NBR Staff Wed, 26 Apr 2023
Contact the Writer: editor@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Tags
Synlait profit warning A2 Milk milk processing infant formula
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low

Free News Alerts

Sign up to get the latest stories and insights delivered to your inbox – free, every day.

I’m already subscribed/joined
Related News
Hunter’s Corner
5

The top software disasters list gets another entry
Investment
1

Synlait on trading halt to mull ‘new information’
Investment
2

Synlait debt soars as SAP turmoil slashes sales
Investment
1

Synlait issues profit warning
Investment
1

A2 Milk sees crucial China approval coming mid-year
General Business
3

Synlait warns of HY profit pressure

Free News Alerts

Sign up to get the latest stories and insights delivered to your inbox – free, every day.

I’m already subscribed/joined
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Related News
Hunter’s Corner
5

The top software disasters list gets another entry
Investment
1

Synlait on trading halt to mull ‘new information’
Investment
2

Synlait debt soars as SAP turmoil slashes sales
Investment
1

Synlait issues profit warning
Investment
1

A2 Milk sees crucial China approval coming mid-year
General Business
3

Synlait warns of HY profit pressure
Synlait shares hit record low
Investment,
98749
true
Subscribe Login