Synlait and A2 Milk Enter Arbitration Following Exclusivity Arrangement Cancellation
Source: The DairyNews
Synlait of New Zealand disclosed on Friday that an arbitrator has been appointed to oversee the ongoing arbitration process with A2 Milk Company.
Both companies are actively collaborating on formulating an arbitration agreement subsequent to the termination of their exclusivity arrangements, as reported by Reuters.
Profit Projection: Additionally, Synlait anticipates a decline in its half-year net profit after tax compared to the corresponding period in the fiscal year 2023. The arbitration process and the altered business landscape are likely contributing factors to this projected downturn.
Profit Projection: Additionally, Synlait anticipates a decline in its half-year net profit after tax compared to the corresponding period in the fiscal year 2023. The arbitration process and the altered business landscape are likely contributing factors to this projected downturn.
