Tim Carter: Synlait acting Chief Executive on the company moving back into profit
A return to profit for troubled Canterbury milk processor Synlait.
Its half-year result to January's end shows earnings of $63 million before interest, taxes, and depreciation.
It follows a tough 2024 for Synlait, which saw a shareholder bailout via a $218 million capital raise to repay debt.
Acting Chief Executive Tim Carter explains how the company managed to bounce back.
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