Murray Goulburn profit down 60pc

Murray Goulburn profit down 60pc


News
Gary Helou.

Gary Helou.

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AUSTRALIA'S biggest dairy co-operative Murray Goulburn have revealed a net profit after tax of $14.5 million - the equivalent of a 60 per cent drop compared to the previous financial year.

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At a glance

  • Murray Goulburn's net profit after tax $14.5m
  • Underlying net profit after tax was $37.7m, before allowing for restructuring costs including redundancies, write-downs, and environmental liabilities
  • 12pc dividend, including 1 for 10 bonus share offer
  • Rabobank predict the return of milk supply 'scarcity'
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