ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Synlait looks to sell Pōkeno facilities, posts $96m loss

Author
Newstalk ZB,
Publish Date
Tue, 2 Apr 2024, 7:58pm
Photo / File
Photo / File

Synlait looks to sell Pōkeno facilities, posts $96m loss

Author
Newstalk ZB,
Publish Date
Tue, 2 Apr 2024, 7:58pm

It's a challenging time for cash-strapped dairy giant Synlait.

The company is reporting a $96.2 million loss for the six months to January, compared to a $4.8 million profit in the previous corresponding period.

It's won an extension on a $130 million debt repayment and is reviewing North Island assets, including the extensive Pōkeno facilities.

The Country's Jamie Mackay explains further.

LISTEN ABOVE

Take your Radio, Podcasts and Music with you