Winter is arriving. It is an early start in Moira for John Tate as his pigs are being loaded for the factory. It is a similar story over in Struell Wells near Downpatrick, as Paul Turley's Angus cross cattle have reached the perfect weight for processing. At the Bell's near Ballymena their flock of turkeys is almost ready for the Christmas market. Drew and Valerie McConnell are on alert for calving cows at their Omagh dairy farm. Henry Savage from Cullyhannna is in Ballymena for the Autumn Pedigree Limousin sales.
Midway Limited (ASX:MWY) Managing Director and CEO Tony Price talks about the company's 1H19 results, performance of its acquisitions, strategy and outlook. Anna Napoli: Hello, I'm Anna Napoli for the Finance News Network and joining me now from Midway (ASX:MWY) is Managing Director, Tony Price. Tony, welcome to FNN. Tony Price: Thanks, Anna. Anna Napoli: First up, can you start with an introduction to the company? Tony Price: Midway Limited (ASX:MWY) is an integrated forestry business. The only one, fully integrated forestry business listed on the stock exchange. And by integrated I mean that we operate from on the cradle to grave basis. And that means that we plant trees, we tend trees, we harvest them, we take them to processing facilities, we market them, and then we also in some cases deliver the product all the way to the customer. We're one of the biggest exporters in Australia. And most of our product is delivered to customers in China and Japan. Anna Napoli: Let's talk about your first half 2019 results. What were some of the highlights? Tony Price: We basically generated a revenue of about $124 million. Which was up 45 per cent on the previous half year. That delivered an EBITDA of $12.2 million. Which was up 88 per cent. So all in all we had a good year. That was driven by a significant increase in sales price and also the tailwind of foreign exchange. Anna Napoli: Now to your operations. Can you tell us more, starting with production? Tony Price: We've got operations throughout Australasia. We have an operating business that manages plantations on our behalf and also on behalf of third parties. We also have a number of processing facilities, Queensland and two in Victoria. And more recently we've developed operations in Tasmania and also Western Australia. Anna Napoli: And how about pricing? Tony Price: Pricing has moved upwards significantly in the last two years. So 2018 calendar year, we were able to achieve 8 per cent price increase with our produ...
Bega Cheese (ASX:BGA) expects overall milk intake in FY19 to be between 1 and 1.1 billion litres of milk compared with total intake of 750 million litres in 2018. The dairy company says performance in FY19 is expected to be impacted by farm gate milk pricing pressure. Bega is forecasting normalized EBITDA in the range of $123 to $130 million as compared to $110 million in FY18. Bega says despite the current decrease in milk supply in the Australian dairy industry it is is very pleased with the integration of the Koroit facility, and, the forecast performance of that acquisition. Shares in Bega Cheese (ASX:BGA) are trading 12.3 per cent lower at $4.98.
Beauty treatments are not reserved for humans. DW visits a beauty pageant for dairy cows, and talks to a stylist who makes his clients udderly beautiful. The winners are not just cute but also very valuable as great mothers and milk machines.
Inspector Louise Ball speaks to reporters in Perth on March 6after a 41-year-old man allegedly prowled entertainment districts looking for vulnerable men to sexually assault after giving them lifts. Brendon Quintin Webb was charged with two counts of indecent assault and one count of possessing a controlled or prescription drug. Ms Ball tells reporters there was no evidence the victims had been drugged. So far, one complainant has come forward while another man was identified from video found at Webb’s premises.
Minister for Agriculture and Water Resources the Hon. David Littleproud MP, and Special Envoy for Drought Assistance and Recovery the Hon. Barnaby Joyce MP visit the Goulburn Valley on a Drought Impact and Agriculture Roadshow
Tonight on The Lead brought to you by Frinkle we give you a sneak peak inside Echuca Historical Society’s latest exhibition - After the Ball is Over - Debs & Belles.
Thirty-four cyclists rode into Echuca this week as part of a 10-day, 1800km ride for Puka Up, an organisation raising awareness around mental illness and suicide prevention.
Moama Anglican Grammar School is fostering our farmers of the future thanks to the expansion of its sheep farming enterprise, with six ewes and two alpacas added to the farm.
Tonight on The Lead the Lions Youth of the Year competition is under way and Moama’s Lions Club representative Mia Oberin is already making strides having taken out the regional final last weekend.
Tonight on The Lead brought to you by Frinkle, children at Echuca East Preschool are learning all about sustainability thanks to Campaspe Shire and two new planter boxes at the kinder.
Tonight on The Lead brought to you by Frinkle, Rohan Hutson is only the second owner of the 1955 Chevrolet Bel Air four-door sedan which he imported from the United States 11 years ago.
What Brexit, freedom of movement and citizenship mean to three people living in Berlin.
Caste, class, gender, religion and nationality are all powerful labels, but how important are they to a country's development and economy? In less than a month, India, the world's largest democracy, will go into general elections. The massive ele...
The cheating scandal involving wealthy parents has put the system in the spotlight.
Josh Jones, 17, will represent Manchester United in the ePremier League Grand Final after beating 2,000 other gamers.
The UK's first black chief constable, Michael Fuller, reflects on his experiences inside the police.
Schools across Christchurch perform the traditional Maori war dance to pay respects to those killed.
A chance photo of a makeshift football shirt changed a Maasai boy's life.
Swedish climate activist Greta Thunberg who has sparked school strikes worldwide against global warming joins thousands of students in Hamburg, urging them to stay angry and fight for change.
Nations strike a deal to implement the landmark 2015 Paris climate treaty after marathon UN talks that failed to match the ambition the world's most vulnerable countries need to avert dangerous global warming.
The human race has walked the Earth for 200,000 years or more, but is our time on this planet coming to an end? With the threats of global warming, war and disaster looming large, are our days numbered? According to some of the experts, we're already in the middle of the Holocene extinction... But what does that mean? And how much trouble are we in??
The world is "way off course" in its plan to prevent catastrophic climate change, the United Nations warned Monday as nations gathered in Poland to chart a way for mankind to avert runaway global warming. Videographic about climate change scenario...
Nearly 200 countries overcame political divisions to agree on rules for implementing a landmark global climate deal, but critics say it is not ambitious enough to prevent the dangerous effects of global warming.
Other Video Genres
Black Mirror creator Charlie Brooker says the contemporary world provides plenty to inspire the bleak visions of the hit series as he attends the Royal Television Society Awards alongside the show's producer Annabel Jones.
Hollywood has "always been a family business" for veteran actress Angela Lansbury. The 93-year-old performer worked with her husband, son and brother on the TV series that made her a household name in the 1980s, "Murder, She Wrote." Lansbury appea...
Paris Jackson has just blasted reports suggesting she fell asleep at the wheel of her car, after she was pictured resting her eyes in a parked vehicle at a gas station while her boyfriend filled the tank.
Before Bella and Edward or Sookie and Bill, there were these two. For this list, we’re counting down the most dramatic and memorable moments from this couple’s relationship. We’re including moments from both “Buffy the Vampire Slayer” and its spin...
Ismael Cordova will never stop getting nervous before auditions. The "Miss Bala" star says he still gets jittery before meeting a potential director even though he's finally gotten comfortable with the ups and downs of an acting career.
Angela Lansbury says she's learned to navigate the ups and downs of Hollywood over the years by adjusting her expectations -- and remaining passionate about acting. The 93-year-old performer has a small role in Disney's "Mary Poppins Returns," jus...
Ismael Cordova always tenses up when it's time for a trip to the airport. The 31-year-old Puerto Rican actor, who stars alongside Gina Rodriguez in "Miss Bala," says he's targeted due to the color of his skin when he heads through security checkpo...
Gina Rodriguez had few problems crossing the U.S.-Mexico border regularly when making her last movie, the drug cartel thriller "Miss Bala." Her co-star Anthony Mackie had a rough time with camels at the Jordan-Saudi Arabia border.
Rebecca Kantar, Imbellus Inc. founder, discusses her plan to fix the college admissions process.
Zynga Inc. Chief Executive Officer Frank Gibeau discusses the mobile gaming landscape and the company's licensing deals.