Origin operating profit up in 2007

Agri-nutrition firm Origin Enterprises recorded a 10 per cent rise in operating profit in 2007.

Agri-nutrition firm Origin Enterprises recorded a 10 per cent rise in operating profit in 2007.

Operating profit for the year to end-July rose 10 per cent to €38.1 million, while group revenue was up 8.9 per cent at €889.4 million.

That was better than the €36.1 million forecast for operating profit seen by analysts at Goodbody Stockbrokers and the €36.6 million estimate by NCB.

"The group is well placed to achieve growth from continuing operations in the current financial year," Origin said.

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Origin was created to focus on the original core businesses of Irish food group IAWS. IAWS has a stake of just over 71 per cent in Origin.

Shares in Origin began trading on Dublin's IEX and London's AIM stock exchanges in June.