International agri-services group Origin Enterprises has reported higher revenues for the year to the end of July as it announced the"difficult" decision to close its Ukraine business at the end of this month.
Its operating profit came to €90.8m, a fall of 24.2% on the operating profit of €119.7m the previous year due to strong commodity prices and highly volatile trading conditions. It said a volatile trading environment and challenging market dynamics have resulted in the business being loss making over a number of years, with little evidence that the trading environment will improve post war.
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