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.
Gun goal-kicker Brent Arho headlines a number of high-profile recruits to arrive at Kyabram District Football League club Tallygaroopna this off-season.
At the presentations located at the half-way mark of YMGCR's Lake Course, PGA Legends Co-Ordinator Andy Rogers said, "It's been a great three days.
Tatura’s rainfall for the last three months of 2015, 116.6mm, was marginally down on the long-term average for the same period, 120.8mm.
KIRSTY Ramadan has dedicated her life to rescuing animals in Echuca and surrounds for 20 years.
ROCHESTER has welcomed a new family into the community this year.
More of the districts newest preps
No end to V/Line's troubles
The Finley community will always remember the tremendous Trevor Hendy, who was friends with everyone.
TOOLLEEN Recreation Reserve Committee of Management presented three awards on Australia Day in front of 80 local residents.
A Cobram man has been arrested after exposing himself on a number of occasions while driving his car around Katamatite and Cobram South.
Deniliquin doctor Marion Magee says she is disgusted with the treatment of local nurses.
There’s been a big win for SPC and Australian tomato growers.
Under-12, Under-14 and Under-18 boys all finished runners-up in the Wodonga Junior Basketball Tournament.
The News magazines are online - read high quality magazines in your time. Check in regularly for the latest editions.
Riverine Herald's well regarded locally produced magazines. They're now online, so you can read them whenever and wherever you like.
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.