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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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

Austria's far-right Freedom Party has secured a historic political victory following the recent election.

The party finished first with 29.2 percent of the vote, beating out the OVP's 26.2 percent, and the centre-left Social Democrats' 20.4 percent.

UK correspondent Gavin Grey says it doesn't have the support to form a majority Government - and the other parties are apprehensive about forming a coalition.

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Austria's far-right Freedom Party has secured a historic political victory following the recent election.
The party finished first with 29.2 percent of the vote,&nbsp;beating out the OVP's 26.2 percent, and the centre-left Social Democrats' 20.4 percent.
UK correspondent Gavin Grey says it doesn't have the support to form a majority Government - and the other parties are apprehensive about forming a coalition.
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Gavin Grey: UK correspondent on Austria's Freedom Party securing first far-right political victory since World War II

Over in China, regulators recently announced a range of monetary and fiscal stimulus policy changes aimed at fostering economic stabilisation and improving consumer confidence.

Official interest rates were cut and the Government announced a number of central bank spending programmes aimed at stabilising housing and supporting consumption.

Harbour Asset Management's Shane Solly unpacked these new policy changes - and explained what China's economic growth could mean for New Zealand.

LISTEN ABOVE

Over in China, regulators recently announced a range of monetary and fiscal stimulus policy changes aimed at fostering economic stabilisation and improving consumer confidence.
Official interest rates were cut and the Government announced a number of central bank spending programmes aimed at stabilising housing and supporting consumption.
Harbour Asset Management's Shane Solly unpacked these new policy changes - and explained what China's economic growth could mean for New Zealand.
LISTEN ABOVE

Shane Solly: Harbour Asset Management spokesperson on the new wave of policies designed to stimulate China's economy

Tonight on The Huddle, Trish Sherson from Sherson Willis PR and NZME editor-at-large Shayne Currie joined in on a discussion about the following issues of the day - and more!

 The Government's copped some backlash after it warned the new Dunedin Hospital could face some downgrades after costs blew out over $1 billion higher than expected. Are people right to be outraged?

The Government has unveiled its latest Q4 action plan - with a focus on law and order, infrastructure and cost-saving. What do we make of this? 

The world's Haka record was beaten at Eden Park last night, taking the title back from France. Should we be proud?

Is Hastings' new sign really that bad? 

LISTEN ABOVE

Tonight on The Huddle, Trish Sherson from Sherson Willis PR and NZME editor-at-large Shayne Currie joined in on a discussion about the following issues of the day - and more!
&nbsp;The Government's copped some backlash after it warned the new Dunedin Hospital could face some downgrades after costs blew out over $1 billion higher than expected. Are people right to be outraged?
The Government has unveiled its latest Q4 action plan - with a focus on law and order, infrastructure and cost-saving. What do we make of this?&nbsp;
The world's Haka record was beaten at Eden Park last night, taking the title back from France. Should we be proud?
Is Hastings' new sign really that bad?&nbsp;
LISTEN ABOVE

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

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