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
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).