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30 Sep 2024 14:18
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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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