News: MGC Shares in Australia's Murray Goulburn fall 9 percent on H1 loss

SYDNEY, Feb 24 (Reuters) - Shares in Australia's biggest milk producer Murray Goulburn (MGC) fell nine percent on Friday after the company posted a first-half net loss.

The company posted a net loss of A$31.9 million ($24.6 million) for the six months to end-December, compared with a net profit of A$10 million in the previous first half.

The shares were down A$0.085 at A$0.89 in early trading, while the broader market was generally flat. Murray Goulburn's shares were issued at A$2.10 in an initial public offering in 2015.

($1 = 1.2960 Australian dollars)