Shannon Foynes Port achieves record profit for 2019 despite fall in tonnage

Port targeting offshore wind for future growth

The Shannon Foynes Port which recorded a profit before tax of €4.9m last year.

Shannon Foynes Port recorded a record profit before tax of €4.9m for 2019 despite an overall reduction in tonnage compared to 2018.

According to the annual report of the State-owned company, the year-on-year overall tonnage throughput decreased by 10% to 9.6m tons. Reduced imports of coal for electricity generation accounting for most of this reduction while turnover decreased by 4.6% to just under €14m, down from €14.7m in 2018.