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24 May 2024 6:43
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  •   Home > News > Business

    Dairy company Synlait is grappling with how to deal with high debt and declining profitability, after reporting a half-year loss of almost 100-million dollars

    Dairy company Synlait is grappling with how to deal with high debt and declining profitability, after reporting a half-year loss of almost 100-million dollars


    JMI Wealth Director Andrew Kelleher says it could be looking to sell its Pokeno factory, Auckland canning facility or Dairyworks brand, and raise more equity.

    He says when a company has high levels of debt, its problems also become its lenders' problems.

    © 2024 Newstalk ZB, NZCity

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