Shannon Foynes Port Company's profits hit by High Court settlement with its CEO

The port company’s profits were hit last year following the High Court judgment that Mr Keating be paid €373,339 in unpaid bonuses and interest from 2010 to 2017. Picture: Dan Linehan

Pre-tax profits at the Shannon Foynes Port Company were last year hit by a €373,339 High Court ‘unpaid bonus’ settlement with its own CEO Patrick Keating.

New accounts show that pre-tax profits at Shannon Foynes Port Company last year fell by 20% from €5.26m to €4.23m. This followed revenues dipping marginally from €16.01m to €15.89m.