MP Evans Group PLC (AIM:MPE) chief executive Matthew Coulson talked with Proactive's Stephen Gunnion about the company’s strong half-year results, highlighting a 50% jump in operating profit. Coulson attributed the performance to two main drivers: improved crop mix and firm palm oil prices. “We changed the mix of crop going through our mills,” he said, noting that more of the company’s own crop—known for its superior quality and lower production cost—was processed during the period.
Coulson explained that this strategy improved both margins and efficiency, enabling MP Evans to extract more oil at a lower cost base. He also pointed to a 10% increase in certified sustainable palm oil output, which supports customer demand and adds a premium to product pricing.
Turning to shareholder value, Coulson highlighted a 20% increase in the interim dividend and reiterated the company’s commitment to maintaining or growing shareholder returns, a track record that has continued for 35 years. He added that MP Evans maintains a strong net cash position, allowing for reinvestment, including a recent acquisition of 3,000 hectares in East Kalimantan to support future expansion.
Coulson concluded by stating that trading into the second half of the year remains strong with continued firm pricing.
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