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Synlait debt soars as SAP turmoil slashes sales

Milk processor says after ‘significant remedial work’ its shipments should be back to normal by July.

Synlait chief executive Grant Watson.

Tim Hunter Mon, 27 Mar 2023

Milk processor Synlait was forced to borrow a further $175 million in the half year to January as difficulties with a new software system from SAP delayed sales and slashed cashflows.

Reporting its results for the period this morning, Synlait said its net profit fell to $4.8m from $27.9m in the

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Tim Hunter Mon, 27 Mar 2023
Contact the Writer: thunter@nbr.co.nz
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Synlait debt soars as SAP turmoil slashes sales
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