15th Sep 2025 11:08
(Alliance News) - MP Evans Group PLC on Monday celebrated "robust" crude palm oil and palm kernel prices, as it posted an interim profit surge.
The Tunbridge Wells, England-based producer of Indonesian crude palm oil said pretax profit jumped 56% to USD63.0 million in the first half of 2025 from USD40.2 million a year ago.
Revenue climbed 9.6% to USD179.4 million from USD163.7 million.
The company noted a 13% surge in the average mill gate selling price of crude palm oil, to USD868 per tonne from USD771 a year ago.
Meanwhile, total crude palm oil output fell 2.4% to 172,800 tonnes from 177,000 tonnes.
Cost of sales came down 4.6% to USD116.1 million from USD121.6 million.
MP Evans announced a 20% increase in its interim dividend to 18 pence per share from 15p.
Chair Peter Hadsley-Chaplin said: "We are benefiting from the move to a greater proportion of production coming from our own harvest, and results have been further enhanced by the strong commodity-price environment. As we move into the second half of the year, the group has added a further 3,000 planted hectares to its portfolio, and both crude palm oil and palm kernel prices remain robust."
MP Evans shares rose 3.5% to 1,340.00 pence each on Monday morning in London.
By Tom Budszus, Alliance News slot editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
M P Evans