Shannon-Foynes Port makes €2.5m profit but warns activity must increase

THE Shannon-Foynes Port Company, the country’s second-largest port operation, has reported a record operating profit of just over €2.5 million for 2010.

The Co Limerick-based operation saw its operating profit increase by just under 30% last year and bottom-line profits rise five-fold to just over €1m.

Traffic increased strongly — a 23% increase in tonnage transported through the port to 9.4m tonnes.