Tuesday 27 September 2016

One51 sees profits more than triple to €12.7m

Published 14/04/2015 | 08:35

All Change: One51 chief executive Alan Walsh has turned things around
All Change: One51 chief executive Alan Walsh has turned things around

Irish investment company One51 saw its after tax profits more than triple last year to almost €13m on the back of strong revenue growth.

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For the 12 months to the end of 2014 the company reported revenue of  €276.5m.

This was up from just over €250m the year before.

This helped sharply push up the group’s profit after tax, which more than tripled from €2.8m in 2013 to €12.7m in 2014.

The company also significantly reduced its debt levels from just over €40m in 2013 to €7.4m by the end of 2014.

Commenting on the results, Alan Walsh, Group Chief Executive said: “2014 was a year of significant progress and growth for One51.

“The financial results for 2014 were ahead of our expectations and our leverage ratios are now at their lowest levels in the Group’s history.”

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