Tatua's just too-good
OPINION: Earlier this month, small Waikato milk processor Tatua reminded the country that it’s still number one when it comes to paying farmers for their milk.
OPINION: Several days after securing shareholder approval for a $130 million loan from Bright Dairy, Synlait has delivered more bad news to investors.
It's now reported that earnings before interest, taxes, depreciation, and amortisation (EBITDA), previously forecast to be at the lower end of the $45 million to $60 million range, will be even lower.
Continuing uncertainty means that it is not able to provide an updated outlook. Synlait blames "unforeseen year-end timing differences between July and August for manufacturing and shipping, along with additional costs incurred in relation to the strategic review and deleveraging plan".
The news sent the company's share price down by 4c to 29c, giving the troubled milk processor a market capitalisation of only $61 million.
As expected, Alliance Group will close its Smithfield meat processing plant in Timaru, South Canterbury, making hundreds of workers redundant.
Michael and Cherie Berkers’ Holstein Friesian herd exemplifies how breeders can consistently develop successful cow families by seizing opportunities for improvement year after year.
A dairy quota dispute between New Zealand and Canada is heading to mandatory negotiations.
A new collaboration is underway to improve the genetic links between the New Zealand and Nordic Jersey cattle populations.
Rare Canterbury mudfish and tadpole shrimp have been discovered at an environmental restoration site at Bennetts Stream in North Canterbury which is part of a biodiversity initiative being carried out by Waimakariri Irrigation Limited (WIL).
Southland farmers want the Government to strip Fish & Game of their advocacy function and refocus the organisation on the management of hunting and fishing.
OPINION: Earlier this month, small Waikato milk processor Tatua reminded the country that it’s still number one when it comes…
OPINION: It was only in 2018 that the Chinese Government embarked on a mission to lift domestic milk production and…