Origin Enterprises plc, the international agri-services group has announced its interim results for the half-year ending January 31, 2021.
Origin provides specialist on-farm agronomy services, digital agricultural services and the supply of crop technologies and inputs.
Excluding adverse foreign currency translation impacts, revenue was broadly consistent with figures seen in the first half of 2020.
The company also reported an operating profit of €1.2 million in the first half of the year which was a noted improvement on the reported loss of €2.8 million in the first half of 2020.
Increase in Origin operating profit
The report also stated that an increase in underlying operating profit of €5.7 million was driven by improved performance in Ireland and the UK and was also due to a return to more normalised autumn and winter crop plantings.
Continental Europe and Latin America divisions performed in line with expectations, with adverse foreign currency translation impacting Latin America’s contribution.
This was also boosted by investment in a second CRF manufacturing plant in Brazil, which is now near completion
The report added that continued progress has been made on the group’s sustainability agenda, with improved ESG rating and becoming a signatory of the United Nations Global Compact.