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.