Murray Goulburn announced a record sales revenue for 2013-14, but its net profit after tax dropped more than $5 million.August 27, 2014 1:29pm
Murray Goulburn, Australia’s largest dairy foods company, has announced a record sales revenue of $2.917 billion, which is up 22 per cent for the financial year up to June 30.
The company’s net profit after tax was $29.3 million, dropping from $34.9 million the previous year.
A record farmgate milk price of $6.81 a kilogram of milk solids has also gone up 37 per cent, while milk intake went up 8 per cent to 3.4 billion litres.
The co-operative gained $36 million from the sale of its Warrnambool Cheese and Butter shares which helped it increase its equity by $59 million.
MG managing director Gary Helou said the impact of international factors such as in New Zealand, Europe, China and Russia on the market conditions had resulted in revised farmgate price from $6.15 to $6.30kg/MS to $6kg/MS.
More in Friday’s Riverine Herald.
Tyson McKenzie is returning to Congupna as senior coach as The Road seeks to turn around their fortunes on the football field.
The Murray River’s most unique event, the Murray Quad, is back on and just around the corner.
Tatura Fire Brigade volunteers are gearing up for a busy summer period this year.
SNAKES will be coming out of hiding as the weather warms up.
OUR Lady of the Sacred Heart Elmore was a sea of colour earlier this month for Footy Colours Day.
KYABRAM and district ladies have once again been encouraged to grab their mums, sisters and friends and take part in the annual Kyabram Girls Night Out.
Seymour A and B-grade in season decider
Extensive rainfall in the Southern Riverina is having a negative impact on farming.
When Pyalong Primary School does something, it does it well. Here are the students all dressed up for the school's recent Roald Dahl day to celebrate the 100th anniversary of the author’s birth on September 13, 1916.
Minor flood levels for the region along the Murray River remain current, despite a slight drop in river heights.
Skipper claims second B&F in thrilling count
Tuesday, August 16
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