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Irish Continental revenues slip

By BFN News | 09:04 AM | Friday 18 May, 2012


Irish Continental Group's revenues fell slightly in the first four months of the year - dropping to �?¬77.0m from �?¬78.1m a year ago. Operating costs - before depreciation and amortisation - were 1.2% higher at �?¬73.2m, principally due to a 22% increase in fuel costs to �?¬18.7m. Non-fuel costs were down 4.4%. Earnings before interest tax and depreciation were �?¬3.8m compared with �?¬5.8m a year ago. In the period up to 12 May, Irish Ferries carried 427,600 passengers, an increase of 1.4% on the previous year. It also carried 90,900 cars, a 4.1% reduction on the last year, but at higher yields. In the roll-on, roll-off freight market, Irish Ferries carried 67,200 units, a reduction of 3.7% compared with the corresponding period in 2011. Container freight volumes shipped decreased by 5.9% to 140,900 TEU (twenty foot equivalent units) in the period to 12 May while units handled at its terminals in Dublin and Belfast fell by 4.7% year on year. At 9:04am: (LON:ICGC) Irish Continental Group share price was +0.41p at 15.63p Story provided by StockMarketWire.com

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