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Jamie Mackay: The Country host on Synlait looking to sell their Pōkeno plant to clear debt

EPISODE · Apr 2, 2024 · 2 MIN

Jamie Mackay: The Country host on Synlait looking to sell their Pōkeno plant to clear debt

from Best of Business · host Newstalk ZB

It's a challenging time for cash-strapped dairy giant Synlait. The company is reporting a $96.2 million loss for the six months to January, compared to a $4.8 million profit in the previous corresponding period. It's won an extension on a $130 million debt repayment and is reviewing North Island assets, including the extensive Pōkeno facilities. The Country's Jamie Mackay explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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Jamie Mackay: The Country host on Synlait looking to sell their Pōkeno plant to clear debt

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