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.
They may be small and rare, but they attract hordes of loyal enthusiasts from American chat show hosts to Shepparton car buffs.
The 2014 Yarrawonga Mulwala Multisport Festival has been hailed a huge success by organisers and participants alike.
The fifth annual King Billy Retreat Open Garden Party will be held at Rushworth on Saturday and Sunday, October 25-26, from 10 am to 4 pm.
Deputy Commissioner of the Department of Veterans Affairs John Geary will attend a memorial for the 3rd Cavalry Regiment (Vietnam) Association.
A former Rochester resident is helping women with their confidence and their horses.
Accusations of bullying, disrespect and dangerous conduct.
And the school's best all-rounder for this year.
Finley's Mark Whiley has been traded from the GWS Giants to Carlton - the club he has supported all his life.
District residents are being invited to enjoy Oktooberfest celebrations at Tooborac Hotel and Brewery.
Momentum builds for the greatest show in Cobram, with young and old expected to lap up family attractions in sunny conditions.
Water users have welcomed the governments' announcement of a $350 million package for new irrigation efficiency programs in NSW, but say water availability is in need of improvement.
Up to14 new full-time jobs will be created at Pactum Dairy Group in Shepparton, with the company set to embark on an $18million expansion at its factory.
Judge comments, If I were single, I'd marry this steak!
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
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.