Dublin Port Company’s €8m dividend to State

The Dublin Port Company has paid the State a dividend of €8 million, based on its financial performance for last year.

While the company’s financial accounts, for 2013, are yet to be published — and need to be laid before the Oireachtas before being formally published in August — Transport and Tourism Minister, Leo Varadkar published the annual dividend figure, noting the payment is in line with Dublin Port Company’s commitment to make a dividend payment of 30% of its after-tax profit annually.

“The port continues to play a crucial role in the economy, at national and local level, and the continued strength of the company’s finances positions it well to deliver on its planned key infrastructural developments,” the minister said.

Last year, Dublin Port Company paid the Government a total dividend of €15m, though this included a once-off special dividend of €8m. The company has paid the State nearly €70m in dividends in the past eight years.

In 2012, Dublin Port Company generated pre-tax profits of €22.8m — up 15.5% on the previous year — eliminated its debt and boosted turnover by nearly 5% to €68.4m.

Earlier this year the company lodged a planning application for a €200m redevelopment of its Alexandra Basin site.

Dublin Port Company chairperson, Lucy McCaffrey said that the company’s current healthy financial position means it will be able to both continue meeting its dividend targets and deliver on its capital investment programme.


THE number of children with mental health issues presenting to the paediatric emergency department in Temple Street has increased dramatically, according to a study by Dr Eoin Fitzgerald.Learning Points: Light at the end of the tunnel for mental health?

Cooking in the MasterChef kitchen is just as scary as you’d imagine, writes Georgia Humphreys.Sweet 16 as Masterchef returns

Martin Hayes doesn’t like to stand still. The fiddle virtuoso from East Clare has made it a hallmark of his career to seek out creative ideas from beyond his musical tradition.Martin Hayes: Breaking new ground

At this point, if we are talking about a collective consciousness and how to move forward, lets go back to basics and talk about what we teach our children and what we were taught ourselves, writes Alison Curtis.Mum's the Word: Children remind us, in a world where we can be anything, be kind

More From The Irish Examiner