April 26 (Reuters) - MG Unit Trust MGC.AX :
* Murray goulburn - trading and FY 2016 outlook update
* FY 2016 outlook of available southern milk region farmgate milk price (FY
2016 FMP) of $5.60 2 per kilogram milk solids (KGMS) is no longer achievable
* Expected NPAT of between $39 million to $42 million with dividend to shares
and distribution to units of between 7.1 cents to 7.8 cents for FY
* MG now expects its FY 2016 distributable milk pool (DMP) to be approximately
$170 million to $220 million lower than previously forecast
* Lower than expected adult milk powder sales in china, impacting FY 2016 DMP
by $60 million to $100 million
* Milk revaluation expense on inventory as a result of this lower than expected
FY 2016 FMP, impacting FY 2016 DMP by $40 million to $54 million
* Announces milk supply support package
* "Package will assist suppliers through this transition and ensure that
unitholders are kept whole for support"
* Adult milk powder volume expectations now reduced for 4Q16
* Expects that asx trading in the MG Unit trust's units will recommence at
commencement of normal trading on April 27
* Revised sales forecast has been undertaken for 4Q16 which has significantly
reduced expectations for remainder of financial year
* MG confirms that it has headroom within its existing funding arrangements
* Confirms this initiative is not expected to impact mg's planned capital
investments
* MG will deduct a fixed amount from future milk payments over the next three
financial years
Source text for Eikon ID:nASX3r8D31