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Richard Wyeth: Synlait CEO on the $80.6 million half-year loss, future of the company

EPISODE · Mar 23, 2026 · 3 MIN

Richard Wyeth: Synlait CEO on the $80.6 million half-year loss, future of the company

from Best of Business · host Newstalk ZB

Synlait's boss says the company's facing its toughest period in 20 years, but hopes a turnaround is near.  The Canterbury milk processor's posted a half year loss of $80.6 million.  Revenue rose $32 million to $949 million, while debt soared 88$ to $472 million.  Chief Executive Richard Wyeth told Mike Hosking the next six months are critical.  He says they've got the sale of a North Island asset coming up but need to catch up on a backlog for advanced nutrition, then they can focus forward.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

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Richard Wyeth: Synlait CEO on the $80.6 million half-year loss, future of the company

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