Willy Leferink: Synlait supplier on the potential net loss in Synlait Milk's results

Synlait Milk is warning of a potential net loss in its half year results.  The independent milk processor is projecting a 17-to-21-million-dollar loss for the six months to June, down from a net profit of $4.8 million from the same period last year.  It's putting the loss down to rising interest rates and operational costs and lower margins  Ashburton-based Synlait supplier Willy Leferink told Mike Hosking that it's not a short-term problem, as its share price is also dropping.  He says it's a fundamental problem and they'll have to re-capitalise, but at 68 cents a year, that's hard work.  LISTEN ABOVE See omnystudio.com/listener for privacy information.