Oireachtas Joint and Select Committees

Tuesday, 9 July 2024

Joint Oireachtas Committee on Climate Action

Circular Economy as it relates to the Waste Sector: Discussion.

11:00 am

Mr. Conor Walsh:

Deputy Murphy asked about profits and I wish she was here because I have the answer. I conducted a simple search of the Companies Registration Office, CRO, and found profit details. Out of the 23 companies that collect household waste, I found details of the accounts of 19 of them on the CRO. The profits range between 3% at the lowest end to 15% at the highest end. I went through all the companies and found the average to be 8.5%. For any company, an 8.5% profit is respectable but it certainly is not excessive profit.

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