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IN BRIEF: Irish Continental swings to 2020 loss on Covid restrictions

12th Mar 2021 06:55

Irish Continental Group PLC - shipping and transport company - Reports revenue for 2020 of EUR277.1 million, down 23% from EUR357.4 million a year earlier. Containers shipped decline by 7.9% year-on-year to 316,300. Irish Continental says earnings before interest, tax, depreciation and amortization pre non-trading items decrease by 52% to EUR42.1 million, principally due to Covid-19 travel restrictions on the company's passenger business. The company swings to pretax loss of EUR18.0 million from EUR61.5 million profit reported for 2019.

Current stock price: 370.00 pence

Year-to-date change: down 16%

By Evelina Grecenko; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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