Revenues Rise 3.1% At Irish Ferries Operating Group

By Dave Simpson
Revenues Rise 3.1% At Irish Ferries Operating Group

Consolidated revenues at the company that runs Irish Ferries, Irish Continental Group, increased 3.1% to €289.9 million during the first ten months of 2017.

As reported by The Irish Times, the total revenues taken in by ICG's ferries division rose 1.4% to €184.4 million, compared to the same period in 2016.

The amount of cars carried by Irish Ferries during the ten months was 385,100, with figures for carryings since the end of June being up 2.2% on 2016, as well as rising 2.1% for the period as a whole. Meanwhile, freight carryings increased 0.5% to 247,700 roll-on, roll-off units.

The group's revenues were given a boost by the sale of the MV Kaitaki ferry in May, which resulted in a profit of €25.5 million after tax.

Additionally, total revenues in ICG's container and terminal division rose 5.9% to €111.2 million, while shipped container freight volumes increase 5.5% at 281,000 foot equivalent units, and units handled at ICG terminals in Dublin and Belfast rose 3.2% year-on-year to 258,400 lifts.