The chief executive of Synlait, Synlait Milk has reported on a net loss after tax of $80.6 million with a reported ebitda loss of $34.7m. The Canterbury-based dairy processor reported its half-year results on Monday and provided an update on its recovery plan under new leadership, which it described as “stabilise, simplify, scale”. Its revenue increased $32.3m to $949m.

<p>The chief executive of Synlait, Synlait Milk has reported on a net loss after tax of $80.6 million with a reported ebitda loss of $34.7m. The Canterbury-based dairy processor reported its half-year results on Monday and provided an update on its recovery plan under new leadership, which it described as &ldquo;stabilise, simplify, scale&rdquo;. Its revenue increased $32.3m to $949m.</p>

Jamie Mackay delivers your daily fix of everything going on in NZ's biggest industry, along with a generous side-serve of news, sports and politics. The Country from Newstalk ZB, Hokonui and Gold Sport.

<p>Jamie Mackay delivers your daily fix of everything going on in NZ's biggest industry, along with a generous side-serve of news, sports and politics. The Country from Newstalk ZB, Hokonui and Gold Sport.</p>

The Country

The Country 23/03/26: Richard Wyeth talks to Jamie Mackay

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e250f74c-0aba-493a-a1a0-b416000634ba/transcript