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.
Neighbourhood Watch Week will start with a sizzle — a sausage sizzle to be precise — at Sevens Creek Dve in Kialla.
Victoria State Emergency Service (SES) and other emergency services are preparing for the next round of wild weather in the north-east.
It was clear blue skies last Tuesday for the official launch of the Gargarro (pronounced Ga-gar-ro) Botanic Gardens in Girgarre.
SNAKES will be coming out of hiding as the weather warms up.
KATH Bubb has been recognised for 50 years of service with the Ballendella Red Cross.
IT EXPERTISE in Kyabram has received recognition after Advance Computing won a Microsoft Australia Partner Award in the excellence in regional area customer category.
Seymour A and B-grade in season decider
Extensive rainfall in the Southern Riverina is having a negative impact on farming.
McIvor Creek – in and around Heathcote – has gone over its banks with all our recent rain, flooding streets and causing closures and detours.
Yarroweyah's Katie Anderson will be heading to Wisconsin in the United States after winning the Dairy Youth Travel Scholarship.
After a 30-year career as an accountant in Deniliquin, Peter Skipworth officially retires today.
Tuesday, August 16
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.