Companies

Car park operator Park Rite sees double-digit profit growth

Park Rite, the Irish-based parking management company, saw its profits and sales surge last year as the economy fully reopened

Park Rite saw its profits and sales surge last year as the economy fully reopened. Picture: Getty

Park Rite, the Irish-based parking management company which is owned by a Dutch parent, recorded double-digit sales and profit growth last year as the Irish economy reopened fully after the Covid-19 pandemic.

Newly filed accounts for Tazbell Services Group, the company which trades as Park Rite, show the firm recorded pre-tax profits of close to €2.2 million for 2022 - a 26 per cent increase on the previous year.

Operating profits at Park Rite, which ...