StockMarketWire.com - Origin Enterprises points to a strong financial and operational performance in a year of significant business transformation and integration.

There was an 8.4% increase in profit before tax from continuing operations and an 11% underlying increase in adjusted earnings per share to 45.16c.

The company reported a 5.6% increase in Agri-Services operating profit to €69.7m reflecting positive volume and margin development in integrated on-farm agronomy services.

However there was a 11.6% decline in associates and joint ventures profit after tax (excluding exceptional items) to €13.1m principally attributable to the anticipated lower marine proteins and oils profitability.

Origin reported a €24.3m reduction in net debt to €67.8m highlighting the continued strong cash generative nature of the business and a 36.4% increase in proposed dividend to 15.0 cent per ordinary share


At 8:15am: [LON:OGN] share price was +0.06p at 4.23p



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