Origin Enterprises eyes more deals as profits collapse

Dublin-headquartered agri-services group Origin Enterprises said it remains on the lookout for more international acquisitions, even after seeing its annual profits plummet by nearly 26%.

The group last year sold its consumer foods interests and re-invested in growing its pan-European agri-services footprint despite challenging market conditions.

That tough trading climate was amply illustrated yesterday, with Origin posting a pre-tax profit of just over €65.5m for the 12 months to the end of July – a figure down by 25.7% on a yearly basis.