Origin lowers earnings target due to bad weather

'Disappointing' trading as revenue falls 12 per cent

26th May, 2016
Unseasonal weather affects third quarter trading Pic Pixabay

Agri-business group Origin Enterprises has lowered its earnings estimate for its current financial year after what it described as a 'disappointing' quarter.

In a trading update for the nine months to the end of April, it said underlying revenue for the most recent quarter was 12 per cent below the same period last year. It said recent 'disappointing' trading had been affected by 'highly adverse and unseasonal' weather conditions in Europe.

Origin said it now expected...

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