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Irish Continental revenues up

By BFN News | 07:47 AM | Tuesday 14 November, 2017


Irish Continental Group's consolidated revenue for the 10 months to the end of October rose to €288.9m, an increase of 3.1% compared with last year. Net cash at the end of October was €43.6m compared with a net debt position of €37.9m at the end of 2016. Total revenues for the ferries division amounted to €184.4m (including intra-division charter income), a 1.4% increase on the prior year. For the year to 11 Nov, Irish Ferries carried 385,100 cars, an increase of 2.2% on the previous year. Total revenues for the container and terminal division amounted to €111.2m, a 5.9% increase on the prior year. For the year to 11 Nov container freight volumes shipped were up 5.5% on the previous year at 281,000TEU, with the rate of growth slowing to 3.8% in the period since the end of June. Units handled at the group's terminals in Dublin and Belfast increased 3.2% year on year Story provided by StockMarketWire.com

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