More milk processed and increased sales revenue, but Murray Goulburn profits down

Murray Goulburn Co-operative processed more milk, increased sales revenue, but made less profit in the 2013/14 season.
Murray Goulburn Co-operative processed more milk, increased sales revenue, but made less profit in the 2013/14 season.

MURRAY Goulburn Co-operative processed more milk, increased sales revenue, but made less profit in the 2013/14 season.

The co-operative yesterday released its full year results showing record revenues of $2.9 billion, 22 per cent up on the previous year.

Exports were the big contributor with 30 per cent growth year-on-year to $1.5 billion.

Despite the increased sales, net profit after tax was $29.3 million, down from $34.9 million in the previous year.

The company's milk intake increased 8 per cent to 3.4 billion litres, lifting its share of the national raw milk market from 33 to 37 per cent.

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