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 $63.0 million in the first half of 2025 from $40.2 million a year ago.
Revenue climbed 9.6% to $179.4 million from $163.7 million.
The company noted a 13% surge in the average mill gate selling price of crude palm oil, to $868 per tonne from $771 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 $116.1 million from $121.6 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.
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