Profits down at M50 toll firm

Pre-tax profits at the consortium that operates the e-Flow toll on the M50 and other motorways fell 6% to €2.6m in 2014, new figures show. According to abridged accounts just filed with the Companies Office by Sanef ITS Operations Ireland Ltd — now renamed Emovis Operations Ireland Ltd — the firm recorded the decrease in pre-tax profit after gross profits dropped 12% from €6m to €5.3m in the 12 months to the end of 2014.

The National Roads Authority’s 2014 annual report had said there was another strong year for traffic growth on the M50 toll road as traffic rose 6%, resulting in average daily traffic levels of 119,216 and revenue collected also rose 5% to €98m.

The NRA stated that compliance levels on the toll road improved marginally to 96% in 2014, mainly due to additional public information messaging and additional enforcement activities.