M.P. Evans raises its interim dividend as output and earnings grow
M.P. Evans ($MPE) increased its interim dividend to 25 pence per share from 18 pence after a stronger first half. Palm-oil production rose 11% to 192,300 tonnes, while production costs fell 8% to $409 per tonne. The average mill-gate selling price edged up 1% to $873 per tonne, supporting improved profitability. Gross profit increased 25% to $78.9 million, and earnings per share rose 21% to 86.5 pence. Cash reached $113.5 million, up 61%. The results show that the earnings improvement was suppor
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