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.
A former priest and teacher at St Colman's in Shepparton has pleaded guilty to sexually assaulting a 13-year-old student in 1970.
Beautiful weather greeted Tungamah residents for the 18th running of the Tungamah Lions Ten Thousand on Sunday.
When Keith and Marion Grumley and their growing family moved to Tatura on January 18, 1968, little did they know that it would be the start of a long and lasting connection to the town.
Echuca Lion Ken Walter has been presented with the International President’s Medal.
Rochester Tigers take on Rochester United today in the Goulburn Murray Cricket Twenty20 match.
Sorting future of Campaspe pools
Two primary school students have been among just 25 in Victoria to be awarded the Prime Ministers NAIDOC Medal.
Local athletes will go head-to-head with some of the best competitors from around the world in swimming and athletics in December.
Pre-schools in Heathcote and Colbinabbin will benefit from grants announced last week.
Moira Shire Council says 36 cents of every dollar spent on staff costs is 'not an unusual number'.
Works on Edward River Beach to Beach Walk to be completed.
Further redundancies at Victoria’s largest rural water corporation, Goulburn-Murray Water, are possible, with more efficiency reviews being carried out.
Rotary's inaugural Community Policing Award goes to Detective Leading Senior Constable Jenny Parker for her work above and beyond her duties working with victims of sexual abuse.
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.