Grant Watson: Synlait CEO on the company's multi-million dollar net loss
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
Synlait Milk has reported a net loss of $182.1 million and stumped up with a one-off payment to try to keep supplying South Island farmers.
The embattled dairy processor reported its full-year results to July 31 on Monday with revenue up 2 percent to $1.64 billion.
It took a total non-cash impairment of $114.6 million during the year against its long-term assets.
CEO Grant Watson says the 2024 financial year was a difficult one - but things look to be in a better position for next year.
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