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22 Dec 2024 19:04
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      Home > News > Business

    More details this morning, about the financial situation facing Synlait

    More details this morning, about the financial situation facing Synlait


    The struggling Canterbury-based milk processing company is announcing a net loss after tax of 182.1 million dollars.

    Profit is down 61-percent.

    Net debt is up 33-percent, to 551.6 million dollars.

    Shareholders recently approved a 218-million dollar capital injection by shareholders, A2 Milk and Bright Dairy, to help pay off that debt.

    © 2024 Newstalk ZB, NZCity

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     Top Stories

    RUGBY RUGBY
    American skiing great Lindsey Vonn has marked her return to the World Cup circuit for the first time in nearly six years by finishing 14th fastest in the super-G at Saint Moritz, Switzerland More...

    BUSINESS BUSINESS
    New Ministry of Transport figures show more than a third of transtasman flights have been running late More...


     Today's News

    		 Politics:
    A sense the Government might start to slow down its policy work - after a busy first year in power 18:56

     Soccer:
    Don't try telling the Wellington Phoenix men they're odds-on to win tonight's away A-League encounter clash with the Western Sydney Wanderers 18:36

     International:
    Here's what is known about the alleged Magdeburg Christmas market attacker 18:26

     Business:
    New Ministry of Transport figures show more than a third of transtasman flights have been running late 18:06

     Soccer:
    The Wellington Phoenix men need their leaders to step up tonight as they strive to overcome a rare two-game losing slump in football's A-League 17:26

     Basketball:
    In basketball 17:16

     International:
    US Navy pilots shot down in 'friendly fire' during strikes against Houthis 16:56

     Soccer:
    No sense of panic in the Wellington Phoenix men's camp, despite dropping their last two matches 16:56

     Boxing:
    Undisputed heavyweight boxing champion Oleksandr Usyk has paid tribute to opponent Tyson Fury after beating him by unanimous decision in their rematch in Riyadh 16:36

     Rugby:
    American skiing great Lindsey Vonn has marked her return to the World Cup circuit for the first time in nearly six years by finishing 14th fastest in the super-G at Saint Moritz, Switzerland 16:16

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