date:Sep 28, 2012
Australian dairy co-operative Murray Goulburn has reported revenue and profit increases for the 2011-12 season, citing the impact of increased exports.
The co-operative, which is owned by its dairy farmer suppliers, reported sales revenue of A$2.367bn ($2.38bn, 1.85bn) for the year ended 30 June 2012 a 3.5% increase on the A$2.287bn posted in the previous year.
Net profit for the 12 month period hit A$37.7m ($39.2m, 30.5m) a 1.1% increase on the A$37.3m reported last year.
Export sales were