Agri-services group Origin Enterprises has reported a 5.2% decline in revenues for the third quarter.
But revenues for the nine months to the end of April rose by 3.8% to €995.7m from €959m against a background of lower and delayed input and service applications due to bad weather conditions, especially in the UK.
In a trading update, the company predicted that the fourth quarter will account for an increased level of profits within its agri-services division as activity levels resume in earnest after a return to more normal weather patterns.
The company, which is majority owned by the food group Aryzta, said its financial positions remains strong.
''We are comfortable with analyst market expectations of adjusted fully diluted earnings per share for the financial year of approximately 48.5 cent,'' it added.
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