Port of Cork boosts profits by 79%

Increased activity at the Port of Cork saw profits increase by 79% to almost €4.5m last year.

The State-owned company, which oversees port operations in Cork, saw revenue from charges to port users and property rental increase by 12.9% to €29.8m.

Ireland’s second busiest port also reported growth in the volume of goods passing through Cork in 2015 – up 8.6% to 11.02 million tonnes – although there was a slight decrease in the actual number of vessels – down 10 to 1,174.