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
3 April 2024
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.
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