The revenue implication of non-renewal was most likely larger for Synlait than it was for A2M, even if the likelihood of non-renewal was low.
About a third of A2M's revenue comes from China label whereas I suspect the China label product orders placed by A2M make up a larger proportion of Synlait's revenue.
A2 SAMR APPROVED, page-55
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Last
$6.87 |
Change
0.020(0.29%) |
Mkt cap ! $4.966B | |||
| Open | High | Low | Value | Volume |
| $6.80 | $6.88 | $6.73 | $9.203M | 1.343M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2379 | $6.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.87 | 8549 | 3 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |