The investment company, One51 plc, has reported in its annual report operating profits of €9.7m for 2006 and expects this figure to double to €20m this year.
One51, which was previously called the IAWS Co-op, also gave a clear signal that a flotation is on the cards for early next year along with shares expected to begin trading in the grey market in the autumn.
One51 owns a quarter of NTR and has been acquiring companies in the recycling industry here and in the UK.
There was €121.9m turnover in 2006, of which €24.7m came from acquisitions made in the course of the year.
The company and its chief executive Philip Lynch are making headlines as they battle it out in a €560m takeover bid for the ferrys group ICG.
