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Richard Wyeth: Synlait CEO on the $80.6 million half-year loss, future of the company
Published 1 month ago
Description
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.
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