LONDON (ShareCast) - (Sharecast News) - Shares in MP Evans rose strongly on Monday after the Indonesian palm oil producer said it expects full-year results to be higher than previously expected due to strong pricing over the second half.
The continuing strength in the price of both crude palm oil (CPO) and palm kernels (PK) are anticipated to have a "beneficial impact" on results for 2025.

The average ex-mill-gate price of CPO was $869/tonne by the end of October, more or less in line with the first half following a 13% year-on-year increase compared with the first half of 2024, while the average ex-mill-gate price of PK had increased to $756/tonne from $747/tonne - with sales tenders for November showing similar prices.

"This robust pricing environment, combined with a continued focus on cost control, means the board expects group revenue to be higher than previously envisaged, with enhanced anticipated profitability," MP Evans said in a statement.

Strong cash generation during the second half also meant MP Evans was able to repay all outstanding loans, which had totalled $20.9m at the half-year stage.

Meanwhile, the harvested amount of crop over the first ten months of 2025 was 8% higher than last year, in line with growth rates at the time of the company's last announcement at the end of August.

MP Evans' share price was 6.2% higher at 1,374.95 by 0836 GMT.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE