Revenue Rises At Irish Ferries Operator ICG
Irish Ferries operator Irish Continental Group (ICG) has revealed that its revenue amounted to €308.8 million during the first ten months of 2019, which was an increase of 8.2% on the figure for the same period last year.
Total revenues at the company's ferries arm amounted to €184.3 million during the period, an increase of 7% on the same period in 2018, while revenues at its container and terminal division amounted to €131 million, a 9.1% increase on the first ten months of last year.
"Volatility In Carryings"
Despite the rise in its revenues, ICG stated that it experienced "some volatility in carryings as key Brexit dates were approached and subsequently postponed", and said that the overall effect of this continuing uncertainty "is generating negative impact on consumer sentiment and trade flows as investment decisions are delayed", as reported by The Irish Independent.
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.