date:Aug 28, 2013
Warrnambool Cheese and Butter Factory Company Holdings Limited (WCB) has today announced a net operating profit after tax of only $7.5 million for the year ended 30 June 2013, a $7.7 million (50.7%) reduction on FY2012.
Total revenue was $496.5 million, down 0.3% ($1.2 million) on FY2012. FY2013 milk intake was 890 million litres, a net 3.1% decrease (FY2012: 919 million litres). Balance sheet gearing (net debt to net debt plus equity) is 31.8%. Working capital debt increased temporarily as WCB