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Irish Continental profits soar

By BFN News | 08:19 AM | Thursday 27 August, 2015


Irish Continental Group's pre-tax profits jumped by 451.9% to �?¬14.9m innthe six months to the end of June. Revenue rose by 9.5% to �?¬143.1m and earnings before interest, tax, depreciation and amortisation increased by 82.1% to �?¬25.5m. Operating profits were up 215.4% at �?¬16.4m. Chairman John McGuckian said: "I am pleased to report a strong performance in the first six months of the financial year. EBITDA increased by �?¬11.5 million driven primarily by increased RoRo freight volumes, car volumes, lower fuel cost and the relative strength of sterling in comparison to H1 2014. This trading momentum has continued over the key summer period and the Group is well placed to benefit should these market trends continue for the remainder of the year." At 8:19am: (LON:ICGC) Irish Continental Group PLC share price was +0.14p at 4.53p Story provided by StockMarketWire.com

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