MP Evans beefs up profits

MP Evans, the producer of Indonesian palm oil and Australian beef cattle, brought new plantations on stream just in time last year to take advantage of historically high palm oil prices.

MP Evans, the producer of Indonesian palm oil and Australian beef cattle, brought new plantations on stream just in time last year to take advantage of historically high palm oil prices.

Profit before tax in 2011 rose 62% to $39.7m from $24.45m in 2010. Earnings per share increased to 66.39 cents from 41.17 cents the year before.

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