Agri-services group Origin Enterprises swung to a first-half profit on the back of higher fertilizer prices and crop input volumes. Pre-tax profit for the six months through January amounted to €5.0m, compared to a small on-year loss of €31k. Revenue rose 20% to €701.6m. Origin Enterprises held its interim dividend steady at 3.15p per share. 'The performance reflects the benefit of favourable early season demand for agronomy services and crop inputs, together with a strong first-time contribution from our Latin American segment,' chief executive Tom O'Mahony said. 'Looking ahead, the autumn and winter cropping profile established to date provides a solid foundation for the seasonally more important second half.' 'A full year outlook will be provided at the time of the update on third quarter trading on 19 June 2019.' At 9:19am: (LON:OGN) Origin Enterprises PLC share price was 0p at 5.5p
Sign up to our
Subscribe to the latest investing news by entering your email address below
You can opt out at any time.
For five days a week you will get
- The latest company news
- Insight into investment trends
- Round-up of director's buys and sells
- Articles from Shares magazine
Plus more useful investment content and occasional promotional offers.
UK 350 Risers and Fallers
Tweets not available.