StockMarketWire.com - Agricultural services group Origin Enterprises booked a 4.3% rise in annual profit, driven by higher fertiliser volumes and prices.

Pre-tax profit for the year through July grew to €70.3m, as revenue rose 6.5% to €1.63bn.

The company held its annual dividend steady at 21 cents per share.

Origin also appointed Declan Giblin to the new role of Latin American division chief executive. Giblin was currently the company's head of corporate development.

'Origin achieved a very satisfactory full year result, ahead of guidance,' chief executive Tom O'Mahony said.

'The business performed robustly while supporting our customers manage the operational demands of a highly challenging growing season in 2018.'

'It has been a significant year in terms of strategic developments including our entry into the Latin American market.'

'We have seen steadily improving sentiment on-farm over recent months which may be challenged in the UK by the uncertain nature of Brexit and its timing.'

'The group is well positioned to capitalise on its scalable and diversified business platforms, development opportunities and strong cash generation.'





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