IN BRIEF: MP Evans extends buyback, keeps payout despite profit fall
11th Sep 2023 13:04
MP Evans Group PLC - producer of palm oil in Indonesia - Pretax profit drops by nearly two thirds to USD22.3 million in the six months that ended June 30 from USD61.2 million a year before. Revenue declines by 21% to USD134.5 million from USD170.3 million, and cost of sales rises to USD111.3 million from USD105.5 million. Production of crude palm oil increases by 3.4% to 166,200 tonnes from 160,800 tonnes a year before, but the mill-gate CPO price falls by 27% to USD755 per tonne from USD1,035. Read More