Profits at Port of Cork rise by €150k

The Port of Cork has seen its profits before tax rise by more than €150,000 last year driven by an increase in the volume of goods passing through the port.

In the port’s report for 2012 showed that there had been an increase in tonnage through the port from 8.8m tonnes in 2011 to 9.05m last year. Turnover at the port only increased marginally to €21.8m but a reduction in costs saw profit before taxation rise to €1.36m.

Port of Cork chief executive Brendan Keating said that he was pleased with the performance of the port.