Irish Ferries owner posts rise in revenue

Revenues have increased at Irish Continental, the company that owns Irish Ferries, growing by 10.5% to €320.6m while passenger numbers increased by 2% to 1.68 million during 2015.

Irish Ferries owner posts rise in revenue

Revenues have increased at Irish Continental, the company that owns Irish Ferries, growing by 10.5% to €320.6m while passenger numbers increased by 2% to 1.68 million during 2015.

Operating profit increased by 74.9%, up from €32.7m to €57.2m as the company benefited from low fuel costs and favourable currency fluctuations.

ICG chairman John B McGuckian said: "Lower world fuel prices will continue to help performance although the recent weakening of sterling will affect the euro value of UK originating revenues.

"As a result of these factors, and the ongoing improvement in the economic outlook in our sphere of operations, we look forward, in the absence of unforeseen circumstances, to further growth in revenue and earnings for the financial year 2016."

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