Business
Replacement: Final Results
Replacement: Final Results.
About this update from M.p. Evans Group Plc
[{"type":"text","content":"\n \n \n \n M.P. Evans Group PLC (the \"Company\")\n \n \n \n \n \n \n \n \n \n Replacement: Final Results\n \n \n \n \n \n \n The following amendment has been made to the 'Final Results' announcement released on 21 March 2023 at 07:00am under RNS number 5845T\n \n \n \n \n \n The ex-dividend date will be 27 April 2023 as opposed to 27 April 2022\n \n \n The record date will be 28 April 2023 as opposed to 28 April 2022\n \n \n The dividend will be payable on or after 16 June 2023 as opposed to 16 June 2022.\n \n \n \n \n \n All other details remain unchanged.\n \n \n \n \n \n The full amended text is shown below:\n \n \n \n \n \n \n M.P. EVANS GROUP PLC\n \n \n \n M.P.Evans Group PLC (\"MP Evans\", \"the Group\" or \"the Company\"), producer of sustainable Indonesian palm oil, announces its results for the year ended 31 December 2022.\n \n \n \n \n \n The Group's 2022 annual report is available on its website at\n \n \n www.mpevans.co.uk\n \n \n .\n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n \n \n \n Financial\n \n \n \n −\n Gross profit for the year up by 5% to US$109.2 million (2021 US$103.6 million)\n \n \n −\n Operating profit down by 11%* to US$101.6 million (2021 US$114.6 million)\n \n \n −\n Average mill-gate price for Group crude palm oil (\"CPO\") up by 5% to US$854 per tonne (2021 US$810 per tonne)\n \n \n −\n Sustainability premia increased to US$7.5 million (2021 US$4.3 million)\n \n \n −\n Operating cash generation up by 21% to US$132.2 million (2021 US$109.2 million)\n \n \n −\n Net cash at year end US$33.5 million (2021 net debt of US$5.4 million)\n \n \n −\n Basic EPS down by 7%* to 108.0 pence (2021 - 115.6 pence)\n \n \n −\n 21% increase in normal dividend for the year to 42.5p per share (2021 - 35p per share) with proposed final dividend of 30p per share (2021 final dividend 25p per share)\n \n \n *2021 results benefited from one-off gain on land sale of US$13.9 million\n \n \n \n Operational\n \n \n \n −\n Total crop processed up 11% to 1.5 million tonnes\n \n \n −\n 100% of Group and scheme-smallholder crop grown to sustainability standards\n \n \n −\n 64% of total output currently certified sustainable, up from 55% in 2021\n \n \n −\n Group crops up to 905,000 tonnes, a 12% increase\n \n \n −\n Planting at younges...