M P Evans Group PLC
LSE:MPE
M P Evans Group PLC
M.P.Evans Group Plc engages in ownership, management, and development of oil-palm estates in Indonesia. The company is headquartered in Tunbridge Wells, Kent and currently employs 8,200 full-time employees. Evans Group PLC is a United Kingdom-based company, which is engaged in producing of crude palm oil with plantations in Indonesian provinces. The firm operates through segments, including palm-oil-plantation crops in Indonesia and property development in Malaysia. Its plantations are located across Indonesian provinces, including Medan, South Sumatra, Bangka Island, Samarinda and East Kalimantan. The firm holds interest in Bertam Properties Sdn Berhad, a property-development company.
M.P.Evans Group Plc engages in ownership, management, and development of oil-palm estates in Indonesia. The company is headquartered in Tunbridge Wells, Kent and currently employs 8,200 full-time employees. Evans Group PLC is a United Kingdom-based company, which is engaged in producing of crude palm oil with plantations in Indonesian provinces. The firm operates through segments, including palm-oil-plantation crops in Indonesia and property development in Malaysia. Its plantations are located across Indonesian provinces, including Medan, South Sumatra, Bangka Island, Samarinda and East Kalimantan. The firm holds interest in Bertam Properties Sdn Berhad, a property-development company.
Harvest Growth: M.P. Evans reported a 9% increase in group-managed crop harvest to nearly 620,000 tonnes for the first half, though purchases from independent suppliers fell by 39%.
Pricing Strength: Mill gate crude palm oil prices rose by 13% to $868 per tonne, and palm kernel prices surged by 71%, boosting profitability.
Profitability: Gross profit jumped 50% to GBP 63.4 million, and earnings per share rose 60% to 71.7p.
Dividend Increase: The interim dividend was raised 20% to 18p per share, continuing a 35-year record of steady or rising dividends.
Cash and Balance Sheet: The group remains highly cash generative, finishing June with over $91 million in gross cash and a net fund position of over $70 million after major investments.
Strategic Land Acquisition: 3,000 hectares were added near the Bumi Mas estate for $35 million, taking total planted area to 70,000 hectares.
Positive Outlook: Strong pricing and crop trends have continued into the second half, with management expressing confidence for the rest of the year.
