Origin Enterprises climbed 16 per cent in Dublin trading this morning after it reported a 15 per cent rise in first-half profit and said it was positive about its full-year prospects.
The Irish food and agri-business group, which is controlled by Aryzta, recorded a 30 per cent rise in revenue to €701.1 million while group operating profit increased 35 per cent to €27.2 million.
Pre-tax profits totalled €17 million for the six months to January 31st, up from €14.5 million a year earlier.
Adjusted earnings per share grew 19 per cent to 11.17c.
The group's agri-nutrition business saw profits rise 4 per cent to €18 million while revenue increased 47 per cent to €553.5 million.
Food profits rose 8 per cent but revenue declined 8 per cent to €156.6 million.
The group said that no dividend will be paid.
At 8.58 am, shares in the company were up 16 per cent to €1.50.