Canadian plastics buy delivers for One51
H1 pre-tax profits up 37 per cent despite weaker sterling
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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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures