Synlait Milk shares have taken a dive on the share market today.

The company's shares have fallen by 27 percent, taking losses for Synlait to over 50 percent for the first third of 2023.

Milford Asset Management Equities Analyst Jeremy Hutton says the 'ominous' trading halt on Friday indicated that bad news was coming for the company.

Jeremy Hutton says Synlait Milk's profit decline was caused by A2 Milk showcasing that lower volumes of infant formula would be required going forward.

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Synlait Milk shares have taken a dive on the share market today.
The company's shares have fallen by 27 percent, taking losses for Synlait to over 50 percent for the first third of 2023.
Milford Asset Management Equities Analyst Jeremy Hutton says the 'ominous' trading halt on Friday indicated that bad news was coming for the company.
Jeremy Hutton says Synlait Milk's profit decline was caused by A2 Milk showcasing that lower volumes of infant formula would be required going forward.
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.