date:Sep 19, 2012
Australian beef cattle producer and agricultural business M P Evans Group has seen overall profit drop by 31%, it announced in its interim half-year results.
The group announced that profit for the six months to 30 June 2012 was down 31% from US$22.36m to US$15.33m compared with the same period last year.
The company, which operates in both the cattle sector and the Indonesian palm oil arena, said the results were affected by losses in the Australian cattle market.
Overall agricultural profit