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22 Nov 2024 7:31
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      Home > News > National > Christchurch

    Optimism from struggling Canterbury milk processor - Synlait - despite an 182.1 million dollar loss

    Optimism from struggling Canterbury milk processor - Synlait - despite an 182.1 million dollar loss


    It's released figures today - showing profit is down 61-percent, and net debt up 33-percent - to 551.6 million dollars.

    Shareholders recently approved a multi-million dollar capital injection to help pay off debt.

    CEO Grant Watson says they have good momentum heading into 2025, off the back of resetting the balance sheet and putting disputes with A2 behind them.

    © 2024 Newstalk ZB, NZCity

     Other Christchurch News
     22 Nov: Devastation at a North Canterbury school, following the unexplained death of a teacher aide
     22 Nov: South Island-based fans of the Warriors have been rewarded with news the NRL club is taking their Anzac Day game against the Knights to Christchurch next season
     21 Nov: Two Canterbury preschools have been hit by an outbreak of gastro cases
     21 Nov: Three more students from Christchurch's St Bede's College have spoken to police, alleging a former staffer of the school abused them
     21 Nov: Former Canterbury representative Blair Murray will start at fullback for Wales in Sunday's test against South Africa in Cardiff
     20 Nov: The High Court appeal for the Mama Hooch rapist brothers won't be heard until July next year -- nearly two years after the pair were jailed
     19 Nov: Christchurch police have arrested a 60-year-old man, in relation to four fires in Woolston area, just over a week ago
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     Today's News

    		 International:
    Donald Trump's choice for US attorney-general, Matt Gaetz, withdraws from consideration 7:27

     Law and Order:
    Devastation at a North Canterbury school, following the unexplained death of a teacher aide 7:27

     Living & Travel:
    South Island-based fans of the Warriors have been rewarded with news the NRL club is taking their Anzac Day game against the Knights to Christchurch next season 7:17

     Entertainment:
    Drew Barrymore once hid in the bushes outside Lucy Liu's house in order to avoid an ex-partner 7:09

     International:
    International Criminal Court issues arrest warrants for Benjamin Netanyahu, Yoav Gallant and Mohammed Deif 7:07

     Entertainment:
    Florence Pugh had her eggs frozen at 27 after she was diagnosed with polycystic ovary syndrome (PCOS) and endometriosis 6:39

     Golf:
    Nick Voke's the best placed of the New Zealand contingent through the opening round of golf's Australian PGA Championship at Royal Queensland 6:37

     Environment:
    New discoveries of deep earthquakes in Southland 6:27

     Entertainment:
    Vanessa Hudgens' style has become "more practical" in recent years 6:09

     Law and Order:
    Accusations of evidence planting, false statements, and acting in the Defence cross examinations at the murder trial of Tingjung Cao  21:57

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