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 ....
22 Mar 2022
M.P. Evans - Bumper FY2021 results
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M.P. Evans - Bumper FY2021 results
M.P. Evans Group PLC (MPE:LON) | 858 103 1.4% | Mkt Cap: 455.3m
- Published:
22 Mar 2022 -
Author:
Michael Clifton | Nigel Parson -
Pages:
14
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 ....