Irish Ferries owner sees first-half losses widen as pandemic effect lingers

ICG said it is still concerned over a lack of implementation of appropriate checks on goods arriving into the North from Britain

Irish Continental Group (ICG) shares fell by over 3% as the Irish Ferries owner said it will continue to shelve investor dividends on the back of a widening in first-half losses due to the lingering negative impact of the pandemic on tourism.

ICG reported a €12.2m pre-tax loss for the first half of this year, compared to a loss of €11.2m for the first half of 2020. However, revenues for the six months to the end of June grew by over 8%, year-on-year, to €141.6m.