Nov 5, 2022

Pretax profits at one of the country’s largest waste contractors, Oxigen this year increased by 29pc to €3.52m. New accounts for Oxigen Environmental ULC show that the business recorded the increase in pre-tax profits as revenues rose by 14pc from €33.05m to €37.72m in the 12 months to the end of April 3 this year. The directors state that they are pleased with the performance of the company. They state that the year also saw the start of substantial increases in certain operating costs, such as diesel. The directors state that the aim is “to minimise the impact upon customers of these cost surges while maintaining a yield to enable further investment in the operation and recoverability of materials”. On the business’s future developments, the directors state that they plan “to invest further in the company’s facilities and operations to further improve efficiency, material recoverability and capacity”. Read More The firm recorded post tax profits of €3m after paying out corporation tax of €528,247. The main activity of the firm continues to be the provision of integrated waste management solutions in the domestic and commercial sector, including waste collection and disposal and the processing of recycled products. A note attached to the accounts states that the company did not participate in any Government support scheme, Temporary Wage Support Scheme (TWSS), Employment Wage Support Scheme (EWSS) during the course of the pandemic. Staff costs last year increased from €9.6m to €10.63m as numbers employed rose from 254 to 267. Business Newsletter