Synlait reports $4.3m net loss, net debt up 21 per cent
The company had forecast a result ranging from a net loss of $5m to a net profit of $5m.
AdvertisementAdvertise with NZME.
Latest from Companies
Danish renewables developer shifts offshore focus to Waikato
The developer is looking at the feasibility of offshore wind power generation in NZ.
Airfare wars: New carrier puts more capacity on popular US route
US airline responds to strong booking for new route before debut flight.
Christopher Niesche: Qantas scandals show bosses are boys in a bubble
OPINION: Investors are wondering why Qantas CEO Alan Joyce got away with so much.
Sasha Borissenko: The loyalty cards tracking your almost every move
OPINION: A moment of silence for the million-odd Onecards scattered around NZ.
Car industry recovery has favoured investors and bosses over workers
Financial Times: Carmakers return almost $143b to shareholders and raise CEO pay.
'The bargain buzz': Shoppers reveal how they get the best out of Costco
A dozen bluff oysters for $3 or a storage headache?
Jetstar gears up for school holiday, slashes airfares
Airline takes a pop at rival Air NZ with $30 fare promotion.
$300m Seascape: Construction of NZ’s tallest apartments hits level 50
The project isn't due to be finished until late next year.
Airlines and Auckland Airport trade blows over travel chaos
Airlines say service unacceptable but airport says flight delays big problem.
Consumer confidence plummets further
The big concern for New Zealand households is the pressure on their finances.
Why nobody invites the boss to dinner any more
Financial Times: When I told colleagues about the evening, they were all aghast.
Why Chinese pod home doors open into fresh air high up at Point Chevalier project
The way things look with many of the doors now, if you stepped out you'd be in peril.
Costco snaps up Kiwi custard delight
How a New Zealand dessert-maker has benefitted from being sold through the US retailer.
Failed house buyer’s $429,000 penalty: Experts explain property purchase laws
More buyers are reneging on house purchases.
The Costco effect: One year on from giant US retailer's NZ launch
More than 150,000 Kiwis have signed up.
The big winners from the $1b taxpayer air freight scheme
The subsidies were introduced soon after the pandemic hit in 2020.
Why Auckland Airport is such a mess
Construction work has contributed to the Airport looking 'like a bombsite'
Stock Takes: Synlait’s big reveal, Fisher and Paykel's investor day
More light will be shed on the state of play with cash-strapped Synlait Milk on Monday.
Corporate boss's pay for four weeks working at Qantas
Former Air NZ exec gets equity grant; fallout from Qantas controversy.
Fonterra's $1.6b profit: CEO Miles Hurrell's pay packet revealed
And the big jump in workers earning over $100,000.
Power list: Who’s who in NZ's $2.4b wine industry
Is it still a viable option for those who dream of owning a vineyard?
Auckland Airport chaos: ‘It just looks so bad for the gateway’
A tourism leader is worried a potentially busy season is off to a bad start.
Watchdog calls power-broadband deals ‘bundles of confusion’
Power companies respond. Plus: our telco czar's next two targets.
Say cheese: What drove Fonterra’s record $1.6b profit
Cheese and protein portfolios propel surge in Fonterra profit.
Flight Centre global brand boss: How to make the best of good deals coming back
Air fares are showing signs of easing
NZ no longer in recession, GDP result exceeds expectations
Strong exports, IT services, manufacturing helped drive growth in second quarter.
Nick Mowbray on what drives success, and the upcoming election
The Zuru co-founder shares his thoughts with Bruce Cotterill.
NZ King Salmon sizzles in latest result
Fewer fish dying prematurely, company says turnaround gaining steam.
Federal Reserve signals fresh rate rise this year and fewer cuts in 2024
Financial Times: Treasury yield hits highest level since 2006 after hawkish projections.
The $360 payout: Are you in line?
It is New Zealand’s largest dividend payout, with more than $2b paid out since 1994.
He offered to buy an Auckland house - when he couldn't pay, it cost him $429,000
Would-be buyer argued vendors should have accepted his lower offer, but he failed.
$23.7m restructuring by multi-millionaire philanthropist John Sax
The company owes $23.7m to Sax’s Autumn Park and Kearoa Holdings.
Developer battles PlaceMakers over materials, alleged delays
A $335,000 debt has sparked court action and a bankruptcy application.