Origin revenues rise 70% to €1.5bn

FOOD and agri-business group Origin Enterprises, owners of the Shamrock Foods and Roma brands, has announced a sharp rise in turnover and profits for the financial year.

In the year to July 31 the group reported pre-tax profits of €56.2 million for the year to the end of July, up from €39.5m a year earlier.

Revenues rose 70% to €1.5 billion, with operating profits up 86% to €70.9m. No dividend is being paid.