Update: Synlait shares fall 12% on first-half loss; lower guidance

Mon, 30 Mar 2015

(Update: With share price, investor comment throughout) By Suze Metherell March 30 (BusinessDesk) - Shares of Synlait Milk, which has taken a cornerstone stake in Sichuan New Hope Nutritional Foods Co to gain direct interest in a Chinese infant formula brand, fell as much as 12 percent after the dairy company turned in a first-half loss and cut the outlook for its full-year profit. The Rakaia-based company posted a loss of $6.4 million in the six months ended Jan. 31, from a profit of $12.1 million a year earlier, it said in a statemen...

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