WOW 0.50% $30.35 woolworths group limited

July 28 (Reuters) - MG Unit Trust (MGC) : Murray goulburn -...

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    July 28 (Reuters) - MG Unit Trust (MGC) :

    • Murray goulburn - announced that woolworths has selected a new supplier
    • Mg retains the contract to supply private label mozzarella shred cheese as well as the contract to supply private label butter
    • Mg will adjust future manufacturing planning to redirect capacity to other markets
    • Annualised revenue loss will be about $108 million, however financial impact on Mg in FY 2017 will be limited given timing of existing contracts completing
    • Supplier to manufacture and pack a range of its private label products including cheese, uht, adult milk powder and cream
 
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