ICG revenue up to €72m for first four months despite higher operating costs

Irish Continental Group’s (ICG) revenue was €72m for the first four months of the year compared with €70.4m for the same period last year, although operating costs were 1.1% higher at €67.3m.

The operating figures for the start of the year-to-date show a 1.5% decrease in passenger numbers to 418,100. The volume of cars fell by 5.5% to 85,000 whereas roll on/roll off freight increased by 6.4% to 71,000. The company blamed the decrease in car and passenger numbers on Easter falling earlier than usual this year. Container freight was up 10% to 102,100 and terminal lifts fell 3.4% to 62,700.

“It should be noted that ICG’s business is significantly weighted towards the second half of the year when normally a higher proportion of the group’s operating profit is generated than in the first six months,” the company said in a statement.