Dublin Port Company’s €8m dividend to State

The Dublin Port Company has paid the State a dividend of €8 million, based on its financial performance for last year.

While the company’s financial accounts, for 2013, are yet to be published — and need to be laid before the Oireachtas before being formally published in August — Transport and Tourism Minister, Leo Varadkar published the annual dividend figure, noting the payment is in line with Dublin Port Company’s commitment to make a dividend payment of 30% of its after-tax profit annually.

“The port continues to play a crucial role in the economy, at national and local level, and the continued strength of the company’s finances positions it well to deliver on its planned key infrastructural developments,” the minister said.