Synlait forecasts $17m-$21m first half loss

Synlait forecasts $17m-$21m first half loss
Synlait's annus horribilis continues.
Staff reporters
Debt-laden Synlait Milk said it expects to report a first-half loss of $17-to-$21 million in March, driven by increased financing and operating costs.Reduced ingredient and advanced nutrition margins would also contribute to the shortfall, it said.Synlait’s first half 2023 profit was $4.8m.The annual result for 2024 was also likely to be flat or down on 2023′s, the company said.The milk processor, which counts infant formula marketer a2 Milk as its biggest customer, has a $130m debt repayment due on March 28.The half-year loss range...

More Primary Sector

TTR seabed mining bid not affected by law change
Primary Sector

TTR seabed mining bid not affected by law change

No-go zones will not apply to controversial mining bid.

Govt to change offshore renewable regime
Primary Sector

Govt to change offshore renewable regime

No-go zones for seabed mining proposed.

Ian Llewellyn 17 Sep 2025
Global dairy prices fall
Primary Sector

Global dairy prices fall

Global dairy prices fell slightly overnight, although the losses "were softer than those recorded at the previous auction". Tuesday night’s Global Dairy Trade auction saw the Price Index fall 0.8% despite 5.7% less product being sold and weaker bidding ratios. Only cheddar manage...

Staff reporters 17 Sep 2025
Northland goat farmers secure lifeline in bank standoff
Primary Sector

Northland goat farmers secure lifeline in bank standoff

There were 51 farm debt mediations completed in the past 12 months.