Canadian plastics buy delivers for One51

Canadian plastics buy delivers for One51
One51 chief executive Alan Walsh Pic: RollingNews.ie

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 from the 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...

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