Synlait Milk has reported a net loss of $182.1 million and stumped up with a one-off payment to try to keep supplying South Island farmers. 

The embattled dairy processor reported its full-year results to July 31 on Monday with revenue up 2 percent to $1.64 billion. 

It took a total non-cash impairment of $114.6 million during the year against its long-term assets. 

CEO Grant Watson says the 2024 financial year was a difficult one - but things look to be in a better position for next year.

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Synlait Milk has reported a net loss of $182.1 million and stumped up with a one-off payment to try to keep supplying South Island farmers.&nbsp;
The embattled dairy processor reported its full-year results to July 31 on Monday with revenue up 2 percent to $1.64 billion.&nbsp;
It took a total non-cash impairment of $114.6 million during the year against its long-term assets.&nbsp;
CEO Grant Watson says the 2024 financial year was a difficult one - but things look to be in a better position for next year.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Grant Watson: Synlait CEO on the company's multi-million dollar net loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/247f0fc0-251d-41ff-a6b5-b1fb00724c36/transcript

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