One51 predicts doubling of profits as 2006 turnover hits €121.8m

ONE51, the former IAWS Co-op, is expected to double its operating profits to €20 million this year.

The company, which is heavily involved in the waste management and recycling sector, made a pre-tax profit of €10.5m in 2006 and it is understood that it has already cleared €10m in profits in the first half of 2007.

According to One51’s annual report for 2006 the company had turnover of €121.8m. Included in this is €24.7m of sales from businesses acquired during 2006.