Wednesday 29 March 2017

Ferry group Irish Continental revenues increase 7.4pc to €91.4m

Irish Ferries, part of the Irish Continental Group, which is led by Eamonn Rothwell
Irish Ferries, part of the Irish Continental Group, which is led by Eamonn Rothwell
Michael Cogley

Michael Cogley

Irish ferry firm Irish Continental has seen its revenues increase 7.4pc to €91.4m in the opening four months of the year.

In an interim management statement released to shareholders this morning, the company said roll on-roll-off (RoRo) freight increased by 8pc while the number of cars jumped by 5pc to 90,200.

Terminal lifts at the firm was up 54pc to 96,500.

Net debt at the end of April was €25.9m compared with €44.3m at 31 December 2015.

Irish Ferries said there has been a good start to the year with "trading conditions remaining favourable".

Revenues in its ferries business increased by 7.1pc to €51.6m while total revenue in its container and terminal division was up 13.4pc to €42.3m.

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