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.

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