Origin's revenues jump delivering record earnings per share

Strong performance across the Group’s seed and crop protection portfolios were offset by reduced fertiliser demand

Origin also completed the first phase of the disposal of property in Cork generating cash flow of €19.5m. File Pic: Larry Cummins

Origin Enterprises increased revenues by 38% to €2.34bn over the past year.

Publishing its preliminary results, the agri services company said operating profit was €119.7m up 89.7% year-on-year. They said there was generally very good conditions during the key planting and application periods in all markets and said strong volume performance across the Group’s seed and crop protection portfolios were offset by reduced fertiliser demand due to significantly higher raw materials pricing.