Petrol forecourt operator Applegreen has said its half yearly pre-tax profits rose by almost 38% on the back of a 7.4% rise in revenue.
Applegreen generated €556m in revenue in the six months to the end of June, which resulted in a pre-tax profit of €8m.
The company said it had seen robust like-for-like sales in the Republic of Ireland during the six months, while it had added 20 new sites to its portfolio over the period.
Applegreen also said it had a strong pipeline of sites in the British market, while in the US it had signed a franchise agreement with 7 Eleven which would support its expansion there.
Applegreen noted that the decision by the UK public to exit the EU took place in late June so had no significant impact on the figures for the six months.
"Looking to the future, the lower sterling-euro exchange rate will obviously impact on our consolidated figures but otherwise it is too early to assess what impact the decision will have on our business," the company added.
"Trading since the end of June has been positive and has shown improvement particularly in the UK. Apart from the impact of the weaker sterling on the translation of our earnings, we expect our full year performance to be in line with expectations," the company's chief executive Bob Etchingham said.
The business employs about 3,300 people, and operates 220 forecourt sites across the UK, Ireland and the US.
