Synlait FY26 Result: $75.4m Loss, Second-Half Profit
Synlait has swung to second-half profit as operations stabilise, but the dairy processor still posted a $75.4m annual loss.
This old mutt has been contacted by many concerned individuals about the role the former Synlait boss John Penno is playing in pimping the Government’s freshwater proposals.
Penno scored himself a nice gig as the head of the Freshwater Leaders Group and has been touring the country trying to sell the water reforms and telling farmers they will no longer be able to convert to dairy or irrigate.
But many have pointed out to your canine crusader that it’s rich of Penno (who has certainly got rich) to be calling on farmers NZ-wide to clean up their act.
Especially while developing Synlait, he cut down acres of forests in Canterbury, converted it to dairy land, raised the N and P levels in the waterways around central Canterbury and then sold out to the Chinese.
Talk about pulling the ladder up behind you, Johnny-boy!
The Royal New Zealand College of General Practitioners (the College) and Hauora Taiwhenua Rural Health Network are calling for investment in a proposed new training pathway for rural GPs, warning that many rural practices are struggling to recruit while a large share of the existing workforce nears retirement.
Federated Farmers has called on Central Otago District Council (CODC) to drop or vote down a plan to truck sludge from Alexandra and Cromwell to farmland near Lauder, warning it would compound an "outrageous" situation created by a separate council's decision weeks earlier.
Synlait has swung to second-half profit as operations stabilise, but the dairy processor still posted a $75.4m annual loss.
LIC shareholders have elected a new North Island representative to the co-operative's Board, along with five representatives to its Shareholder Reference Group (SRG), following the company's Annual Meeting held in Invercargill.
Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.

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