Revenue down at Irish Ferries parent ICG

Maritime transport company Irish Continental Group (ICG) today reported a revenue slump of 24% for year ended December 2009, down to €260.5m from €342.9m the previous year, but said its financial and operational performance was “solid” given the economic climate.

Pre-tax profits for the period were €24.9m, down from €43m in 2008, the Irish Ferries owner said.