MPE has reported interim results for the six months to end June 2021. These are an excellent set of results driven by robust growth in crops, strong CPO price, more milling capacity coming on stream and operational gearing. For the third time this year, we are significantly upgrading FY2021 profit expectations. MPE has hit a virtuous circle where operating cash flow continues to grow strongly, Capex starts to fall rapidly and loans to smallholders continue to unwind. This will leave the business ....
13 Sep 2021
M.P. Evans - Excellent interims, significant upgrades
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M.P. Evans - Excellent interims, significant upgrades
M.P. Evans Group PLC (MPE:LON) | 814 81.4 1.3% | Mkt Cap: 432.8m
- Published:
13 Sep 2021 -
Author:
Michael Clifton | Cavendish Research -
Pages:
12
MPE has reported interim results for the six months to end June 2021. These are an excellent set of results driven by robust growth in crops, strong CPO price, more milling capacity coming on stream and operational gearing. For the third time this year, we are significantly upgrading FY2021 profit expectations. MPE has hit a virtuous circle where operating cash flow continues to grow strongly, Capex starts to fall rapidly and loans to smallholders continue to unwind. This will leave the business ....