- Today's Hot Chat Topics
- Member Benefits
- Manage your personalised Watchlist.
- Set up an online Virtual Portfolio.
- Participate in Share Chat.
- See more trades and director dealings.
- Play the Fantasy Share Trading Game.
Share:
HomeShare PricesStock PickerFinancial DiaryUK IndicesUK Industry SectorsCompany LookupShare RisersShare FallersBroker RatingsFinance GlossarySMS ServicesShare ChatFinance NewsBlogsLive PricesShares BookshopFinance ToolsMembers
Latest Share Chat
M.p. Evans Share News (MPE)
Share News for M.p. Evans (MPE)
| Share Price: 515.00 | Bid: 515.00 | Ask: 525.00 | Change: 0.00 (0.00%) |  | ||||||
| ||||||||||
MP Evans sees 4,000 hectares planted on new Indonesian oil-palm projects in 2007
Thu, 7th Jun 2007 13:20
LONDON (Thomson Financial) - MP Evans Group PLC said it expects to plant at least 4,000 hectar
The prices are the highest in many years and represent an increase of over 100 usd per tonne since the company's 2006 results, MP Evans said in a statement.
The company intends to plant another 1,500 hectares on Bangka before the end of this year, in addition to the 2,000 hectares that have already been planted.
On Kalimantan, 2,500 hectares have been prepared and planted with cover crops, ready for oil palms to be planted later in the year, it said.
MP Evans said the crops of oil-palm fresh fruit bunches (FFB) from the majority owned estates, in both Indonesia and Malaysia, up to the end of May were down at 60,000 tonnes, compared with 84,600 tonnes for the same period last year.
About 14,500 tonnes from three Malaysia estates have since been sold, while the crops from the Indonesian estates were lower as a result of a downturn in the cropping cycle, the company added.
TFN.newsdesk@thomson.com
kal/faj/gp
COPYRIGHT
Copyright AFX News Limited 2007. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
LONDON (Thomson Financial) - MP Evans Group PLC said it expects to plant at least 4,000 hectar
es this year on new Indonesian oil-palm projects and that it is enjoying the full benefit of the current 'robust' palm oil prices of about 850 usd per tonne.
The prices are the highest in many years and represent an increase of over 100 usd per tonne since the company's 2006 results, MP Evans said in a statement.
The company intends to plant another 1,500 hectares on Bangka before the end of this year, in addition to the 2,000 hectares that have already been planted.
On Kalimantan, 2,500 hectares have been prepared and planted with cover crops, ready for oil palms to be planted later in the year, it said.
MP Evans said the crops of oil-palm fresh fruit bunches (FFB) from the majority owned estates, in both Indonesia and Malaysia, up to the end of May were down at 60,000 tonnes, compared with 84,600 tonnes for the same period last year.
About 14,500 tonnes from three Malaysia estates have since been sold, while the crops from the Indonesian estates were lower as a result of a downturn in the cropping cycle, the company added.
TFN.newsdesk@thomson.com
kal/faj/gp
COPYRIGHT
Copyright AFX News Limited 2007. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
BRIEF-RESEARCH ALERT-Panmure raises MP Evans price target
March 29 (Reuters) - MP Evans Group PLC: * Panmure raises MP Evans price target to 580P from 500P; rating buy For a summary of ra[29 Mar '12]
BRIEF-RESEARCH ALERT-Peelhunt starts MP Evans Group with buy
Sept 14 (Reuters) - MP Evans Group PLC: * Peelhunt starts MP Evans Group PLC with buy For a summary of rating actions and price target chan[14 Sep '11]
BRIEF-M.P. Evans H1 profit jumps, prospects very favourable
LONDON, Sept 14 (Reuters) - MP Evans Group PLC: * Profit for the period increased 86% to US$22.36 million (2010 US$12.04 million)[14 Sep '11]
BRIEF-RESEARCH ALERT-Panmure raises MP Evans price target
Dec 20 (Reuters) - M. P. Evans Group PLC: * Panmure raises M P Evans. price target to 500P from 470P; rating buy For a summa[20 Dec '10]
BRIEF-M. P. Evans raises $3.2 mln from disposal
LONDON, Nov 9 (Reuters) - M. P. Evans Group PLC: * Sale of stake in kennedy, burkill & company berhad for US$3.20 million ((London Eq[9 Nov '10]
BRIEF-MP Evans H1 net profit up 29%, outlook favourable
LONDON, Sept 14 (Reuters) - M. P. Evans Group PLC: * Profit after tax up 29% at US$12.04 million (2009 US$9.35 million) * Interim divi[14 Sep '10]
BRIEF-M.P. Evans holds dividend as plam oil, cattle prices firm
LONDON, April 28 (Reuters) - M. P. Evans Group PLC: * FY profit US$20,710,000 (2008 US$53,596,000, which included US$24,509,000 from dispos[28 Apr '10]
STOCKS NEWS UK-M.P. Evans falls on lower profit forecast
STOCKS NEWS Reuters Results diary Europe Real-time Equity News[21 Sep '09]
