Agri-services Origin Enterprises has reported a 4.1% increase in underlying revenue for the third quarter.

In a trading update for the nine months to the end of April, the company said the higher underlying revenues and margins in the seasonally important third quarter of the financial year were supported by robust activity levels on-farm. 

The company also saw a 7.1% increase in underlying revenue for the nine month period.

Origin Enterprises said that generally settled weather during the nine months and an improved short term planning environment for primary producers has supported higher demand for agronomy services and inputs across its operations. 

The company said that based upon a good third quarter performance and a normal demand profile for agronomy services and crop input activity in the fourth quarter, it expects to achieve full year adjusted diluted earnings per share in the range of 44 to 46 cent per share. 

"This range reflects an underlying growth in group operating profit of between 8-11% on a constant currency basis," it added. 

It added that due to the significant seasonality of its operations, Origin will earn substantially all of its profits in the second half of its financial year.

Origin Enterprises said the positive impact of sterling weakness on crop output values in Ireland and the UK, as well as favourable global dairy markets, were the main drivers of an improved short term outlook for the incomes of crop and grassland farm enterprises. 

It noted that underlying volume growth in agronomy services and crop inputs was 3.3% and 7.9% for the third quarter and for the year so far respectively. 

Meanwhile, its Central and Eastern European business saw underlying volume growth in agronomy services and crop inputs of 11.3% and 12.3% for the quarter and year-to-date respectively.

Origin said that the region performed solidly in highly competitive market conditions with value added technologies providing good development momentum.