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.
A former priest and teacher at St Colman's in Shepparton has pleaded guilty to sexually assaulting a 13-year-old student in 1970.
Beautiful weather greeted Tungamah residents for the 18th running of the Tungamah Lions Ten Thousand on Sunday.
When Keith and Marion Grumley and their growing family moved to Tatura on January 18, 1968, little did they know that it would be the start of a long and lasting connection to the town.
Echuca Lion Ken Walter has been presented with the International President’s Medal.
Rochester Tigers take on Rochester United today in the Goulburn Murray Cricket Twenty20 match.
Sorting future of Campaspe pools
Two primary school students have been among just 25 in Victoria to be awarded the Prime Ministers NAIDOC Medal.
Local athletes will go head-to-head with some of the best competitors from around the world in swimming and athletics in December.
Pre-schools in Heathcote and Colbinabbin will benefit from grants announced last week.
Moira Shire Council says 36 cents of every dollar spent on staff costs is 'not an unusual number'.
Works on Edward River Beach to Beach Walk to be completed.
Further redundancies at Victoria’s largest rural water corporation, Goulburn-Murray Water, are possible, with more efficiency reviews being carried out.
Rotary's inaugural Community Policing Award goes to Detective Leading Senior Constable Jenny Parker for her work above and beyond her duties working with victims of sexual abuse.
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