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.
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The Yarrawonga Mulwala Cricket Club has hosted the first ever ACA Masters contest at the Stan Hargreaves Oval in Yarrawonga.
There was a good turnout for Wednesday’s Remembrance Day service in Tatura, which saw a number of wreaths laid at the War Memorial, and the presentation to Brad Corken, of the Tatura RSL Spirit Award 2015, by president Robert Mathieson.
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Bowls Club hosts 49th Victorian Country Masters Pairs
The Oriential Weatherloach has infested the Goulburn River.
The largest ever Strawberry Fields crowd turned out to enjoy the event on the Murray River at Tocumwal at the weekend.
AFTER the hottest October in Victoria since records began in the 1850s, it will come as little surprise that rainfall across the district was unusually low.
No, it won’t be Rudolph the red-nosed reindeer creating the Christmas lighting in Cobram this year, it will be Cobram couple, Ron and Kath Renfrew,
‘Peppinella’ development bigger than first planned
Watch and Act issued for Corowa and Wahgunyah near Rutherglen, urging people to leave now as conditions may worsen.
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