Synlait made a profit of $82m last year and were forecasting similar growth to previous year. Now downgraded to $70 to 85m.
Importantly, they say this is a result of increased costs and reduction in purchases from non a2 customers. a2 still continuing to grow.
Also Synlait mention Coronavirus is not impacting demand or distribution channels.
With Coronavirus slowing overnight and confirmation from GB still growing strongly and no impact from Coronavirus either this is positive for a2.
Whether Synlait announcement affects a2 remains to be seen on open.
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- Ann: Response to Synlait's earnings and outlook announcement
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Ann: Response to Synlait's earnings and outlook announcement, page-3
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Last
$8.09 |
Change
0.060(0.75%) |
Mkt cap ! $5.857B |
Open | High | Low | Value | Volume |
$8.05 | $8.11 | $8.02 | $12.16M | 1.507M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 985 | $8.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.10 | 1768 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 985 | 8.090 |
6 | 24210 | 8.060 |
1 | 124 | 8.020 |
1 | 3745 | 8.010 |
6 | 3260 | 8.000 |
Price($) | Vol. | No. |
---|---|---|
8.100 | 1768 | 2 |
8.110 | 16344 | 3 |
8.120 | 7900 | 3 |
8.130 | 12456 | 4 |
8.150 | 16500 | 2 |
Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
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A2M (ASX) Chart |