Oct 27 (Reuters) - MG Unit Trust (MGC) MG announces a one off...

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    Oct 27 (Reuters) - MG Unit Trust (MGC)

    • MG announces a one off $81.8 million deviation from profit sharing mechanism
    • Fy17 dividend/distribution to be fully franked, franking for fy18 is unlikely with partial franking anticipated for fy19
    • MG confirms cost efficiency program is proceeding in line with expectations
    • "Murray Goulburn expects to lose an additional 10% of milk supply in FY17"
    • Murray Goulburn's continued "cost out" program is expected to generate annual savings of around $55 million, with incremental savings in FY18 of $32-47 million
 
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