Canadian plastics buy delivers for One51

H1 pre-tax profits up 37 per cent despite weaker sterling

26th August, 2016
One51 chief executive Alan Walsh Pic:

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 delivered very strong results during the first half of the year. He said earnings in Britain were affected by the fall in the value of sterling in the wake of Brexit.

"Other potential impacts of Brexit are...

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