Canadian plastics buy delivers for One51
H1 pre-tax profits up 37 per cent despite weaker sterling
Plastics and environmental services company One51 has reported a 37 per cent increase in pre-tax profits for the first half of 2016, helped by a strong performance fromthe Canadian plastics business IPL, which it bought last year.
Pre-tax profits were €11.3m, up from €8.2m in the same period last year as revenue jumped 51 per cent to €214.2m.
Chief executive Alan Walsh said IPL had performed ahead of expectations since its acquisition and ...