Irish Continental Profits Jump To €30m
Published on Mar 7 2014 4:17 PM in General Industry
The owner of Irish Ferries and Eucon recorded higher revenues and operating profits in 2013, thanks to both increased passenger numbers and freight volumes.
The ferry group, which owns container terminals in Belfast and Dublin, had a very impressive year where they managed to grow despite "unprecedented" weather conditions.
Irish continental said that operating profit for the 12 months rose 13.2% to €30 million, while sales rose 3.4% to €264.7 million.
Increased freight revenue and lower fuel costs helped counteract the cancelation of a large number of budgeted sailings since the start of 2014.
The company said that roll-on/roll-off services increased 18% in 2013.
It carried 350,900 cars last year, just 0.8% fewer than in 2012. It carried 1.56 million passengers, up 1.6%.