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.

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