The M.P Evans Group paid a 5p per share special dividend in February 2022. This was in respect of the sale of the Bertam Estate land to the Group's associated company Bertam Properties Sdn Bhd, which completed in October 2021. Given the high yields and extraction rates achieved by the Group, and the continuing strong cash generation, the board is proposing an increase in the interim dividend to 12.5p per share (2021 - 10p per share).
Other financial highlights include:
4% increase in Group crop to 430,400 tonnes (2021 - 413,200 tonnes)
- maintained total CPO production at 160,800 tonnes (2021 - 161,400 tonnes)
43% increase in mill-gate CPO price to US$1,035 per tonne (2021 US$724 per tonne)
74% increase in sustainability premia to US$3.3 million (2021 US$1.9 million)
27% increase in cost of Group palm product to US$425 per tonne (2021 US$335 per tonne)
49% increase in operating profit to US$61.7 million (2021 US$41.3 million)
65% increase in earnings per share to 63.3p (2021 - 38.3p)
Net cash surplus of US$13.5 million (2021 net debt US$67.7 million)
