News | Business
15 Apr 2024 7:43
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Concern for farmer suppliers, as Synlait Milk grapples with financial difficulties

    Concern for farmer suppliers, as Synlait Milk grapples with financial difficulties

    The Canterbury-based milk processor has signalled a potential net loss between 17and 21-million dollars in its half year results.

    The company recorded a net profit of four-point-eight million dollars in the same period last year.

    Ashburton-based Synlait supplier Willy Leferink says they're paying out at four-dollars seventy-five, with cost of production around six dollars.

    He says due to their financial woes, Synlait is paying a dollar less than Fonterra.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     15 Apr: The cruise ship season is almost over -- with the last ship into Wellington due in port today
     14 Apr: How life has changed in Hong Kong under sweeping security laws
     14 Apr: Under pressure Rabbitohs coach Jason Demetriou insists it's "business as usual" going forward - despite another loss in league's NRL
     14 Apr: Tech companies are proving the big winners from A-I's growing influence on the stock market
     14 Apr: A potential for A-I to be a game changer for investors in how they research the stock market
     13 Apr: The Green Party's new members bill, is hoping to pressure companies to make more sustainable products
     13 Apr: Hopes of a pick up in economic activity by the end of what's expected to be a weak year
     Top Stories

    Blues and Black Ferns co-captain Ruahei Demant wants New Zealand Rugby to tip more money into Super Rugby Aupiki More...

    The cruise ship season is almost over -- with the last ship into Wellington due in port today More...

     Today's News

    The cruise ship season is almost over -- with the last ship into Wellington due in port today 7:37

    Nick Cassidy has finished third in the latest Formula E race out of Italy 7:27

    As Israel and Iran talk of possible further action, the US reportedly rules out any involvement in an offensive targeting Iran 7:17

    Law and Order:
    An unlicensed driver is expected to take years to pay off reparations, after fatally striking and running over a motorcyclist, and fleeing the scene 7:17

    Two motorcyclists have died after separate crashes yesterday afternoon 6:37

    Franklin have charged to the top of the NBL basketball ladder after a 101-83 win over Manawatu in Pukekohe 4:57

    Tiger Woods will get set for his 100th round at Augusta overnight, hoping it's somewhat better than his dismal 99th 21:57

    Israel shoots down most of Iran's drones but some strike IDF targets — as it happened 19:37

    A police coffee meeting is being planned in Newmarket on Wednesday to discuss community safety concerns 18:57

    The women's Black Sticks have beaten Japan 2-1 in their hockey international on Auckland's North Shore 18:37

     News Search

    Power Search

    © 2024 New Zealand City Ltd