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Irish Continental Group earnings up

By BFN News | 08:33 AM | Thursday 05 March, 2015


Irish Continental Group's revenues rose by 9.6% to �?¬290.1m in the year to the end of December with operating profit, before non-trading items, up 9.0% at �?¬32.7m. Earnings before interest, tax, depreciation and amortisation rose by 2.6% to �?¬50.5m and the final dividend of 7.035c is up 5%. Passenger figures rose by 4.8% to 1,643,300 while cars and roll-on, roll-off freight increased by 8.8% and 20.8% respectively. Chairman John B McGuckian said: "2014 was another successful year for the group with growth in revenue of almost 10% to �?¬290.1 million and earnings before non-trading items, interest, tax, depreciation and amortisation (EBITDA) of �?¬50.5 million, up 2.6%, having absorbed the costs of the newly introduced vessel, 'Epsilon'. "The strong momentum, evident in Q4 of 2014 has continued into early 2015 giving us confidence that we can look forward in 2015, in the absence of unforeseen developments and assuming continued lower oil prices, to strong growth in revenue and earnings." At 8:33am: (LON:ICGC) Irish Continental Group PLC share price was +0.23p at 3.8p Story provided by StockMarketWire.com

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