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4 March 2021 Origin Enterprises plc ( ' Origin ' or ' the Group ' ) , the international Agri - Services group , providing specialist agronomy advice , crop inputs and digital agricultural solutions to farmers , growers and amenity professionals , today announces its interim results for the half year ended 31 January 2021 . Financial and Operational Highlights Group revenue decreased by 5.4 % to € 572.4 million . Excluding adverse foreign currency translation impacts , revenue was broadly consistent with H1 2020 Operating profit of € 1.2 million in the first half of the year ( H1 2020 : loss of € 2.8m ) ● ● Origin Enterprises plc INTERIM RESULTS STATEMENT Improved operating profit and strong working capital performance in seasonally quieter first half ● ● Increase in underlying¹ operating profit of € 5.7 million , driven by improved performance in Ireland and the UK , due to a return to more normalised autumn and winter crop plantings TJ Kelly joined the Group as Chief Financial Officer on 18 January 2021 Continued progress on the Group's sustainability agenda ; improved ESG rating and became a signatory of the United Nations Global Compact Interim dividend of 3.15 cent per share ( H1 2020 : 3.15 cent per share ) Results Summary Continental Europe and Latin America divisions performed in line with expectations , with adverse foreign currency translation impacting Latin America's contribution Investment in second CRF manufacturing plant in Brazil near completion Adjusted diluted loss per share of 1.53 cent ( H1 2020 : adjusted diluted loss per share of 4.53 cent ) Strong working capital performance across all business units , delivering a reduction of € 88.0 million Decrease in net bank debt5 by € 105.9 million to € 158.3 million delivered Net Debt / EBITDA ratio improvement from 3.24x to 2.76x 5 Group revenue Operating profit / ( loss ) ² Associates and joint venture³ Total Group operating profit / ( loss ) ² Finance cost , net Loss before tax² Adjusted diluted loss per share ( cent ) 4 Group net bank debt5 Interim dividend per ordinary share ( cent ) 31 Jan 2021 31 Jan 2020 € ' 000 € ' 000 572,410 1,220 785 2,005 ( 4,549 ) ( 2,544 ) ( 1.53 ) 158,339 3.15 1 Excluding currency movements and the impact of acquisitions 2 Before amortisation of non - ERP intangible assets and exceptional items 3 Profit after interest and tax 4 604,908 ( 2,789 ) 1,137 ( 1,652 ) ( 5,532 ) ( 7,184 ) ( 4.53 ) 264,241 3.15 1 Change € ' 000 ( 32,498 ) 4,009 ( 352 ) 3,657 983 4,640 3.00 ( 105,902 ) Constant Currency € ' 000 ( 530 ) 5,716 ( 326 ) 5,390 868 6,258 4.08 Before amortisation of non - ERP intangible assets , net of related deferred tax ( 2021 : € 3.4 million , 2020 : € 3.9 million ) and exceptional items , net of tax ( 2021 : charge of € 0.4 million , 2020 : gain of € 0.3 million ) Net bank debt excludes IFRS16 Lease liabilities