Companies

Origin Enterprises closes loss-making Ukraine business as full-year profits fall sharply

The Dublin-listed agri-services group reported a double-digit fall in profits for its 2023 financial year to the end of July

Sean Coyle, cheif executive of Origin Enterprises

Origin Enterprises, the Dublin-listed agri-services group, has announced it will shutter its operations in Ukraine as it continues to be loss making due to reduced activity in the war-torn country.

The company made the announcement as it reported a double-digit fall in profits for its 2023 financial year after grain and fertiliser prices fell over the last year.

Announcing results for the 12 months to the end of July, Origin reported a 24 per cent ...