Strength of sterling against euro leads to fall in ferry company’s profits

PROFITS at the company that operates the Cork to Swansea ferry route fell slightly last year to E4,114.

According to accounts just filed at the Companies Registration Office, the company took a hit of over E250,000 on the strength of sterling against the euro, which reduced its annual earnings.

Had this foreign exchange loss been excluded, Swansea Cork Ferries would have made a profit of 258,447.