Profits up on one-off sale as crop yields fall

Knowledge Economy

Palm oil producer M.P. Evans, which is headquartered in Tunbridge Wells, saw its bottom line for the first half of the year (ending June 30) boosted by one-off gains from the divestiture of its stake in the North Australian Pastoral Co, netting £8.9million.

Pre-tax profits rose by £330,000 to £3.6million compared with the same period last year, while revenue declined from £28.7million to £22.7million as an extended period of drought impacted on overall crop tonnage.

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