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Origin Enterprises profits up 2.5pc

Wednesday, March 06 08:00:05

Agri-services group Origin Enterprises has reported group operating profits of E13.25m for the six months to the end of January, up 2.5pc on the same time last year. Pre-tax profits, before exceptionals, for the six month period rose to E7.317m from a pre-tax loss of E3.281m the same time last year

The company said that its agri-services revenue rose by 11.9pc to E567.7m from E507.4m despite the impact of low winter crop plantings in the UK due to a sustained period of unseasonably wet weather. Increased spring planting is now expected as a result. The company said it reduced its net debt by E15.2m to E178.7m in the six month period according to RTE News.

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