New Zealand’s a2 Milk posts 44% fall in full-year profit

New Zealand's a2 Milk reported a 44% decline in full-year profit, primarily driven by supply disruptions and weaker sales of China-label IMF. The company faced significant challenges within the Chinese market, leading to the slump in overall financial performance. Separately, Synlait has officially denied reports regarding potential takeover talks involving both Fonterra and a2 Milk, clarifying that no such negotiations are taking place despite market speculation surrounding the New Zealand dairy industry's current landscape.