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H1 revenues and profits fall at Origin Enterprises

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International agri-services group Origin Enterprises has reported a fall in revenues and pre-tax profits for the six months to the end of January amid challenging planting and weaker in-field conditions across its markets.

Origin said its half year group revenue fell to €854.9m from €1.180 billion the same time last year on the back of an expected correction in global feed and fertiliser raw materials pricing.

Origin has declared an interim dividend of 3.15 cent per share, unchanged from the same time last year. Origin's chief executive Sean Coyle said the company group delivered a"solid operating profit" in the six month period compared to a very strong performance the same time last year. "Latin America and our Amenity, Environmental and Ecology businesses delivered solid results despite also being impacted by fertiliser price dynamics," he added.

 

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