MPE has reported record H1 results for the 6-month period ended June 2022. CPO production was flat on a very strong comparative period, but exceptional mill gate prices increased revenues +33%, PBT +53%, interim dividend +25%. Net debt has been eliminated. MPE has hit a virtuous circle of strong operating cash flow and Capex falling, leaving the business well placed for further dividend expansion and investment in growth. A July/August mill gate CPO price hiatus as the market cleared following t ....
12 Sep 2022
M.P. Evans - Interims: building into another bumper year
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M.P. Evans - Interims: building into another bumper year
M.P. Evans Group PLC (MPE:LON) | 854 -239.1 (-3.2%) | Mkt Cap: 452.8m
- Published:
12 Sep 2022 -
Author:
Michael Clifton | Nigel Parson -
Pages:
14
MPE has reported record H1 results for the 6-month period ended June 2022. CPO production was flat on a very strong comparative period, but exceptional mill gate prices increased revenues +33%, PBT +53%, interim dividend +25%. Net debt has been eliminated. MPE has hit a virtuous circle of strong operating cash flow and Capex falling, leaving the business well placed for further dividend expansion and investment in growth. A July/August mill gate CPO price hiatus as the market cleared following t ....