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Synlait Milk Ltd (ASX: SM1) is a New Zealand based dairy processing company which produces a range of milk and milk powder related products such as infant formula.
a2 Milk Company Ltd (ASX:A2M), the leading dairy and infant formula products company, announced Monday that it has agreed to a supply contract extension with Synlait Milk Ltd (ASX:SM1).
The All Ordinaries (INDEXASX: XAO)(^AORD) and S&P/ASX 200 (INDEXASX: XJO) (^AXJO) ended higher on Wednesday with some pleasing market updates.
Synlait Milk Ltd (ASX:SM1) shares rocketed today as the company posted bumper revenues and profits.