A return to profit for troubled Canterbury milk processor Synlait.

Its half-year result to January's end shows earnings of $63 million before interest, taxes, and depreciation.

It follows a tough 2024 for Synlait, which saw a shareholder bailout via a $218 million capital raise to repay debt.

Acting Chief Executive Tim Carter explains how the company managed to bounce back.

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A return to profit for troubled Canterbury milk processor Synlait.
Its half-year result to January's end shows earnings of $63 million before interest, taxes, and depreciation.
It follows a tough 2024 for Synlait, which saw a shareholder bailout via a $218 million capital raise to repay debt.
Acting Chief Executive Tim Carter explains how the company managed to bounce back.
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

Tim Carter: Synlait acting Chief Executive on the company moving back into profit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/dd2feab5-8d5c-4e13-8ea6-b2aa006b7665/transcript

Over in the UK, Prime Minister Keir Starmer is set to chair an emergency meeting on the economic fallout from the ongoing Iran war.

The conflict has entered its fourth week, and concerns have been raised over the economic impacts - especially with living costs going up for households. 

UK correspondent Kay Oliver says petrol costs keep going up, and it's getting 'scary'.

LISTEN ABOVE

Over in the UK, Prime Minister Keir Starmer is set to chair an emergency meeting on the economic fallout from the ongoing Iran war.
The conflict has entered its fourth week, and concerns have been raised over the economic impacts - especially with living costs going up for households.&nbsp;
UK correspondent Kay Oliver says petrol costs keep going up, and it's getting 'scary'.
LISTEN ABOVE

Kay Oliver: UK correspondent on Prime Minister Starmer calling an emergency meeting on economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6c16fadd-5225-4bda-94ab-b416007c9ba2/transcript

Reports indicate more overseas visitors are cancelling trips to New Zealand, generating more concerns about the nation's economic recovery. 

A new survey shows that 77 percent of tourism operators have seen more cancellations over the last month. 

Tourism Export Council CEO Lynda Keene says she's not too concerned just yet, despite the ongoing international crisis impacting air travel. 

LISTEN ABOVE

Reports indicate more overseas visitors are cancelling trips to New Zealand, generating more concerns about the nation's economic recovery.&nbsp;
A new survey shows that 77 percent of tourism operators have seen more cancellations over the last month.&nbsp;
Tourism Export Council CEO Lynda Keene says she's not too concerned just yet, despite the ongoing international crisis impacting air travel.&nbsp;
LISTEN ABOVE

Lynda Keene: Tourism Export Council CEO on the rise in overseas visitors cancelling New Zealand trips

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/98a7f3b4-077d-4c6b-a7df-b416007937be/transcript

Oil prices have risen as the fall out continues from the ongoing Middle East crisis.

Brent Crude oil rose about US$1 to be just above US$113 a barrel in early Asia trade.

Harbour Asset Management expert Shane Solly explained further.

LISTEN ABOVE

Oil prices have risen as the fall out continues from the ongoing Middle East crisis.
Brent Crude oil rose about US$1 to be just above US$113 a barrel in early Asia trade.
Harbour Asset Management expert Shane Solly explained further.
LISTEN ABOVE

Shane Solly: Harbour Asset Management expert on oil prices rising as a result of the Middle East conflict

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/38e36462-362f-40b1-8d10-b41600774b1e/transcript

Tim Carter: Synlait acting Chief Executive on the company moving back into profit

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