Irish Ferries parent profits up after strong summer

Irish Ferries parent profits up after strong summer

Strong summer trading helped push up operating profits by more than €10 million at the parent company of Irish Ferries.

Irish Continental Group today reported an operating profit of €34.2 million in the three months to September 30 against €24 million in the same period last year.

Earnings [EBITDA] were up from €28.4 million to €38.6 million as quarterly revenue grew from €95.6 million to€105.5 million.

Passenger carryings in the year to date rose by 3% to 1.5 million and cars by 6% to 362,900, according to the latest update from the company.

Irish and Continental described summer trading as being strong across its ferries and container and terminal divisions.

This was helped by a drop in fuel prices to €10.3 million from €14.8 million in the same quarter in 2014.


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