Mur­ray Goul­burn profit up $5m

Campaspe News - - NEWS -

MUR­RAY Goul­burn co-op­er­a­tive has recorded an after tax profit for the first half of the fi­nan­cial year.

The com­pany also dis­closed milk in­take was down by 29 per cent com­pared to the same pe­riod last year. The nor­malised after tax profit was $14.4 mil­lion, com­pared to $9.4 mil­lion in the first half of 2017. The com­pany noted it had recorded a statu­tory net loss after tax of $27 mil­lion, tak­ing into ac­count ad­just­ments re­lated to the pro­posed sale to Sa­puto.

Net debt at the end of the first half of the year was $474 mil­lion, sim­i­lar to the po­si­tion at the end of the fi­nan­cial year.

The com­pany ex­pects to dis­trib­ute its me­moran­dum re­lated to the Sa­puto of­fer in March or April, and is wait­ing on a de­ci­sion by the ACCC.

Stu­dent Sarah Trewick flies to Dar­win and Sin­ga­pore in April.

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