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5 Jul 2025 12:01
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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.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     05 Jul: An independent report on the Northland Expressway, is sowing doubt over the project's future
     05 Jul: AI could soon be worth billions of dollars a year to New Zealand
     04 Jul: Indonesia to sign $52.3b trade pact with US in effort to avoid higher tariffs
     04 Jul: Bad weather in the Tasman District has negatively affected spending - but also brought a a spike in sales of particular items
     04 Jul: Central Otago's Cardona Hotel is on the market for the first time in more than a decade
     04 Jul: The Prime Minister's placed the blame for the loss of a multi-million dollar satellite, squarely at the feet of the previous government
     04 Jul: Wage growth in the public sector is expected to slow down this quarter
     Top Stories

    RUGBY RUGBY
    Former All Blacks lock Ian Jones is miffed a depleted French team will face New Zealand in Dunedin tonight More...

    BUSINESS BUSINESS
    An independent report on the Northland Expressway, is sowing doubt over the project's future More...


     Today's News

    		 Business:
    An independent report on the Northland Expressway, is sowing doubt over the project's future 11:57

     Entertainment:
    John Legend has responded to Kanye West's recent bizarre insults, describing the remarks as "sad" 11:36

     Rugby:
    Former All Blacks lock Ian Jones is miffed a depleted French team will face New Zealand in Dunedin tonight 11:27

     Soccer:
    Premier League football outfit Nottingham Forest has loaned 20-year-old All Whites defender Tyler Bindon to Sheffield United for the season in the UK's second tier football Championship 11:27

     Basketball:
    Coach Matt Lacey is mightily impressed with the way Hayden Jones led the junior Tall Blacks into the Under-19 World Cup semi-finals in Switzerland 11:27

     Environment:
    Heavy rainfall is expected to lash eastern parts of the North Island throughout the afternoon and into tomorrow 11:17

     Entertainment:
    Joe Keery and his Stranger Things co-stars are "bonded" for life 11:06

     Entertainment:
    Olivia Palermo's "uniform" is leather 10:36

     Environment:
    A broad area of low pressure is moving across the North Island - bringing showery conditions to some parts 10:26

     Business:
    AI could soon be worth billions of dollars a year to New Zealand 10:06

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