14th May 2015 10:20
LONDON (Alliance News) - Irish ferry operator Irish Continental Group PLC on Thursday said its passenger, car and roll-on roll-off freight volumes all increased in the first months of 2015 and said its results are heavily weighted to the second half, despite turning to profit in the first four months.
Irish Continental said its passenger volumes rose 3% in the year to May 9 to 418,600, with car volumes up 8% to 94,800 and roll-on roll-off freight volumes up 11% to 91,800 units. Container freight volumes fell by 1% to 100,000 twenty-foot equivalent units, while terminal lifts volumes rose 3% to 67,400.
Revenue in the first four months rose 7.3% to EUR85.1 million, against EUR79.3 million a year earlier, while operating costs fell 1.6%, primarily due to lower fuel costs. Earnings before interest, taxation, depreciation and amortisation rose to EUR10.3 million from EUR3.3 million, and the group's operating profit for the four months was EUR4.4 million, compared to a EUR2.3 million loss a year earlier.
Shares in Irish Continental were down 1.1% to EUR3.98 on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Irish Cont.