Synlait Milk is warning of a potential net loss in its half year results.

The independent milk processor is projecting a 17-to-21-million-dollar loss for the six months to June, down from a net profit of $4.8 million from the same period last year.

It's putting the loss down to rising interest rates and operational costs and lower margins

Ashburton-based Synlait supplier Willy Leferink told Mike Hosking that it's not a short-term problem, as its share price is also dropping.

He says it's a fundamental problem and they'll have to re-capitalise, but at 68 cents a year, that's hard work.

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Synlait Milk is warning of a potential net loss in its half year results. 
The independent milk processor is projecting a 17-to-21-million-dollar loss for the six months to June, down from a net profit of $4.8 million from the same period last year. 
It's putting the loss down to rising interest rates and operational costs and lower margins 
Ashburton-based Synlait supplier Willy Leferink told Mike Hosking that it's not a short-term problem, as its share price is also dropping. 
He says it's a fundamental problem and they'll have to re-capitalise, but at 68 cents a year, that's hard work. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...