Irish plastics company eyes IPO
One51 registers increased earnings in the first six months of the year
Driven by strong organic growth, One51 has registered increased earnings. Earnings at the Irish plastics company have increased 31pc to €32.4m in the first six months of 2017. The increase in revenue was 32.4
The board of the group will again explore the possibility of
"Given the significant progress in the business, the Board has recommenced exploring a possible IPO.
As well as delivering very strong results for the first half of the year we have successfully integrated the Encore acquisition into our IPL division,"
Alan Walsh, One51’s group chief executive said.
The group had acquired Macro Plastics earlier this
Mr Walsh added that the company was confident of delivering full year results in line with market forecasts.
Read More: A Beginner's Guide to Investing in IPOs
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.