MPE has announced H1 2019 results to end June 2019. H1 2019 was always going to be a difficult reporting period, simply because the average CPO price in H1 2019 is down 20% on H1 2018. Further, some of the plantations have taken a bit of a ‘growth pause’ after exceptional growth in 2018, while MPE has accelerated some field and mill maintenance tasks (and associated costs) in H1 2019. While H2 is likely to be much stronger due to a stronger CPO price and helpful seasonality with p
16 Sep 2019
M.P. Evans - Prices and volumes under pressure in H1
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M.P. Evans - Prices and volumes under pressure in H1
M.P. Evans Group PLC (MPE:LON) | 814 81.4 1.3% | Mkt Cap: 432.8m
- Published:
16 Sep 2019 -
Author:
Michael Clifton | Cavendish Research -
Pages:
12
MPE has announced H1 2019 results to end June 2019. H1 2019 was always going to be a difficult reporting period, simply because the average CPO price in H1 2019 is down 20% on H1 2018. Further, some of the plantations have taken a bit of a ‘growth pause’ after exceptional growth in 2018, while MPE has accelerated some field and mill maintenance tasks (and associated costs) in H1 2019. While H2 is likely to be much stronger due to a stronger CPO price and helpful seasonality with p