Revenue totalled $ 263.6 m (A$ 366.8 m) in 1H FY2016, down 1.5 % from 1H 2015, with
weak dairy commodity prices for bulk cheddar cheese and whey powder adversely impacting sales revenue.
In February, Murray Goulburn lowered its forecast profit to $ 63 million on the back of
weak dairy commodity prices.
Not exact matches
INVESTORS and
dairy farmers are bracing for the worst from Murray Goulburn as
weak commodity prices, rising debts and the soaring dollar look set to savage the co-operative's earnings and milk price forecasts.
«Whilst in recent weeks we have seen some recovery in the market, unfortunately, the overall global
dairy commodity markets remain
weaker than last year, which continues to impact on our returns.
Soaring
dairy commodity prices and a
weaker Australian dollar have helped Victorian
dairy group Warrnambool Cheese & Butter more than double its half - year profit to $ 31.3 million.