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10 May 2024 21:21
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  •   Home > News > Business

    Dairy company Synlait is grappling with how to deal with high debt and declining profitability, after reporting a half-year loss of almost 100-million dollars

    Dairy company Synlait is grappling with how to deal with high debt and declining profitability, after reporting a half-year loss of almost 100-million dollars


    JMI Wealth Director Andrew Kelleher says it could be looking to sell its Pokeno factory, Auckland canning facility or Dairyworks brand, and raise more equity.

    He says when a company has high levels of debt, its problems also become its lenders' problems.

    © 2024 Newstalk ZB, NZCity

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     09 May: Big electricity users are confident they're doing their part to reduce power
     09 May: The Finance Minister is heralding the Government's success at belt tightening - ahead of the Budget
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    Several teenagers have been taken in by Police, after aggravated robberies in three Auckland businesses, including jewellery stores More...



     Today's News

    Business:
    Several teenagers have been taken in by Police, after aggravated robberies in three Auckland businesses, including jewellery stores 21:17

    Entertainment:
    Chris Pine "hated" working as a restaurant host before finding fame 21:15

    Politics:
    Air Vanuatu enters voluntary liquidation, leaving passengers stranded in Australia and Vanuatu 21:07

    Entertainment:
    Dua Lipa consults an astrologist to deal with her problems 20:45

    Entertainment:
    Donna Kelce used to worry about money when her sons were training to become footballers 20:15

    Entertainment:
    Jacob Batalon's mentality "hindered" him with his weight and work 19:45

    Entertainment:
    Rebel Wilson hasn't spoken to Isla Fisher since she made her bombshell claims about Sacha Baron Cohen in her memoir 'Rising Rebel' 19:15

    Rugby:
    The Northern Mystics are prioritising Grace Nweke's health and wellbeing above the needs of the team 18:57

    Entertainment:
    Henry Winkler wasn't "acknowledged as a human being" by his parents 18:45

    Cricket:
    Former Black Caps batter Colin Munro has retired from international cricket with a heavy heart 18:37


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