Agri-food firm’s profits hit €93m

Irish food and agri-business group Origin Enterprises has reported strong annual profits of €92.9m in the year to the end of July despite experiencing a slight dip in revenues.

Origin’s operating profits grew by more than 2% in the year on the back of “near perfect planting and growing conditions” which aided demand for agronomy services and farm inputs.

Chief executive Tom O’Mahony said the results were delivered in spite of the disposal of the company’s marine joint venture.