The country's largest privately owned waste management business recorded pre-tax profits of €18.4m in 2017.
That is according to accounts for Beauparc Utilities Ltd which show that the business enjoyed the 49pc jump in pre-tax profits in 2017 as revenues soared from €70m to €285m.
Numbers employed by the group - which operates the Panda Waste brand, as well as Greenstar and A1 Skips - totalled 1,266 and the group's staff costs amounted to €46.8m.
The directors state that the objective of the group is to become a significant utility provider, initially trading in Ireland and then expanding into the UK market.
The group's profits in 2017 takes account of non-cash depreciation costs of €12m.