MP Evans Group PLC (AIM:MPE) CEO Matthew Coulson joined Proactive's Stephen Gunnion to discuss a trading statement issued ahead of the company's annual general meeting. Coulson highlighted that crop processing rose 8% and overall crude palm oil production increased by 10% in the first five months of the year.
Coulson mentioned, 'We had a fantastic first few months of the year,' noting that more production is going through the company's own milling facilities, which has improved margins significantly. He also discussed the impact of acquiring an additional 10,000 hectares last year and the progress being made in these new areas.
Furthermore, Coulson elaborated on their strategy of securing ownership of their estates, citing the recent acquisition of a 5% minority stake in their Indonesian subsidiary trading companies. This move is expected to be immediately earnings-enhancing for shareholders.
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