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Reuters
Reuters
Business

NZ's Synlait Milk withdraws FY21 forecast

Dairy firm Synlait Milk Ltd on Thursday withdrew its forecast for full-year 2021, saying it continues to face significant uncertainty and volatility within its business.

The New Zealand-based company said its previous 2021 forecast of achieving about half of the net profit after tax from a year ago, will now not be attainable.

(Reporting by Nikhil Subba in Bengaluru; Editing by Shinjini Ganguli)

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