Strong growth for ferry group

Irish Continental Group has reported a 10.3% year-on-year increase in revenues for the third quarter of 2014, its most important period of the year.

The ferry and freight group, which owns the Irish Ferries brand and freight services firm Eucon, yesterday reported revenues of €93.4m for the three months to the end of September, up from €84.7m for the corresponding period last year.

Earnings before interest, taxes, depreciation, and amortisation were up by around 4.5%, year-on-year, to €28.1m and operating profit rose by nearly 7% to €23.8m.