Milk co-operative, Murray Goulburn has posted a record financial result, recording an after tax profit of $29 million.August 27, 2014 2:00pm
Milk co-operative, Murray Goulburn has posted a record financial result, recording an after tax profit of $29 million.
The profit was recorded on the back of a record sales revenue of $2.917 billion.
Commenting on the results, managing director, Gary Helou said international dairy food prices were at very high levels during the 2013/14 year, underpinned by the strong demand from Asia and the Middle East.
‘‘Our focus on the value growth segments of Nutritional Powders and international consumer and food -service dairy food exports, combined with the robust growth in MG’s milk supply helped MG deliver an exceptionally strong year.”
‘‘We’ve seen another year of significant progress in our group safety performance.’’
Murray Goulburn recorded a $36 million gain from the sale of its stake in Warrnambool Cheese and Butter (WCB), which was recognised directly in equity.
MG’s final weighted - average available farmgate milk price paid to its supplier/shareholders was up 37% on the previous year at $6.81 per kilogram of milk solids.
When teenage sensation Jack Hammond arrived in Tongala with his dairy farming family in January, his name sparked interest in several coaches across the district.
The Yarrawonga Pigeons have secured a vital win over Wangaratta Magpies at JC Lowe Oval in Yarrawonga.
On Wednesday, April 22, 11 walkers from Shepparton Adventure Club travelled to Strathmerton then on to Ulupna Island.
Uniformed police are being plucked from the district’s 16-hour stations to work with one-member stations so officers are not patrolling on their own.
A Rochester woman who stole more than $250 worth of money, cigarettes and food from her workplace of four years has been convicted and fined $500, plus court costs.
The final 25 players have been chosen to represent the Goulburn Valley Football League in their quest to regain the number one football ranking in country Victoria.
A 640 000 bird proposal finally gets the green light from Strathbogie Shire Council.
Record cattle prices were recorded at the Finley Saleyards on Friday
People in rural and remote areas are significantly over-represented in the number of deaths and serious injuries on our roads.
Barooga will host an information forum on the National Disability Insurance Scheme on Tuesday night.
The Deniliquin Rodeo Arena was in full swing for the recent Deniliquin Classic Barrel Race.
GrainCorp has announced an investment of $50 million to increase oilseed crushing capacity and efficiency at its Numurkah facility in Victoria.
Mark Soyer represented Australia at the 2015 IPC Alpine Skiing World Championships in Canada.
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