Milk processor says after ‘significant remedial work' its shipments should be back to normal by July. Synlait chief executive Grant Watson. 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 Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/investment/synlait-debt-soars-as-sap-turmoil-slashes-sales/

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