MPE has reported full-year results for the year ended December 2021. These are an excellent set of results driven by robust (+13%) growth in crops, strong (+37%) CPO price, more milling capacity coming on stream and operational gearing. Revenues are in line with recently upgraded expectations, adjusted PBT is +7.5% ahead. Dividends are 5p/share ahead of expectations. MPE has hit a virtuous circle where operating cash flow continues to grow strongly, Capex is falling and loans to smallholders are ....
