Net loss: $96.2m, from $4.8m profit a year earlier.
Key takeaway: Capital raise and asset sales critical for business to remain a going concern.
Debt-burdened milk processor Synlait has put its North Island processing assets up for sale as it seeks urgent options to pay back bank debt.
Announcing a net loss of $96.2 million for the half year to January, Synlait said its banks had extended a $130m March 31 debt repayment deadline to July 15
