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.
Hafizullah Mohaqiq was born in Afghanistan, spent periods living in Pakistan and Iran, before arriving in Shepparton two months ago.
The Mulwala Lions had satisfying and hard fought win, in difficult conditions, against last year’s grand finalists at Lonsdale Reserve on Saturday.
The Fairley Leadership Program met in Tatura on Wednesday, exploring ‘Water and our catchment’ at Goulburn Murray Water.
Road authorities have made little progress to fixing Echuca’s most dangerous intersections.
Lockington Vintage Tractor and Stationary Engine Rally is on for the 18th time this weekend and there is something for everyone.
Kyabram and District Sportstar of the Year nominations finalised
Three local clubs get together at Kings Park.
Tributes flow for Finley's inspiring mother, friend and farming advocate Jennifer Hawkins
A visit by Coliban Water to Heathcote last week provided residents with a chance to quiz staff about water and sewer services.
A new book, Men from the River Bends, honours Cobram-Barooga and district soldiers who paid the ultimate sacrifice after enlisting in World War 1.
Deniliquin bowler Dennis O'Keefe lost 25-19 in his bid for a quarter-final spot in the Victorian Singles Championships this week.
Widespread rain late last week and on Saturday put a smile on the faces of farmers preparing to sow crops or waiting for weeds to emerge on early-sown rye-grass.
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.