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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