Richard Wyeth: Synlait CEO on the $80.6 million half-year loss, future of the company
The Mike Hosking Breakfast · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Synlait's boss says the company's facing its toughest period in 20 years, but hopes a turnaround is near.
The Canterbury milk processor's posted a half year loss of $80.6 million.
Revenue rose $32 million to $949 million, while debt soared 88$ to $472 million.
Chief Executive Richard Wyeth told Mike Hosking the next six months are critical.
He says they've got the sale of a North Island asset coming up but need to catch up on a backlog for advanced nutrition, then they can focus forward.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.