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BRIEF-Mg Unit Trust updates on revised milk intake expectations FY17

Published 20/10/2016, 10:51 am
© Reuters.  BRIEF-Mg Unit Trust updates on revised milk intake expectations FY17
MGC
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Oct 20 (Reuters) - Mg Unit Trust MGC.AX :

* Mg Unit Trust - revised milk intake expectations FY17-MGC.AX

* Asx alert-revised milk intake expectations fy17-MGC.AX

* Mg unit - very wet climatic conditions now a major impact on milk intake - southern milk region (SMR) expected to be approximately 2.7 billion litres in FY17

* Mg Unit Trust- Murray Goulburn Co-Operative Co. Limited forecast FY17 NPAT of $42 million will now be lower given revised expectations for milk intake

* Now expects milk intake for FY17 to be approximately 20 percent lower than FY16

* Milk intake now expected to be substantially lower in FY17

* Mg Unit Trust - Murray Goulburn Co-Operative Co. Limited (mg) forecast FY17 npat of $42 million will now be lower Source text for Eikon: ID:nASX3zlrWg Further company coverage: MGC.AX

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