Murray Goulburn released their unaudited, year-end report this week. It was a surprising result, with an increased profit being reported in the 2016 financial year along with the payment of a dividend. At face value, it didn’t sound like a business struggling so much that it had to slash the payment to its suppliers.
Intrigued, I thought I’d take a look at the company’s information and see what is going on behind the headline numbers. I wondered whether there would be lessons for owners of small and medium size businesses.
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Michael Stapleton is a founding member of the Association of Virtual CFOs. He operates a Melbourne-based Virtual CFO practice, helping owners of small and mid-size businesses understand the drivers of their cashflow and make financially informed decisions.
