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Profits soar at waste management firm to €18.4m

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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 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 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 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.

Irish Independent