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Origin Enterprises surprises with strong results in its seasonally quiet period
Agri-services company Origin Enterprises (OGN:AIM) typically generates over 90% of its earnings in the seasonally-vital second half of its financial year.
It was therefore encouraging to see underlying operating profit grow 12.6% to €2.3m in the six months to 31 January 2018, its first-half period. That could give Origin a solid foundation ahead of its peak trading period.
Providing agronomy services to farmers and supplying crop technologies and inputs including fertiliser, Origin is a deal-hungry business. Recent acquisitions include Bunn Fertiliser and Belgium-based fertiliser-to-nutrition business Pillaert-Mekoson.