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15th December 2015

First Dividend Paid by SFPC Amid Record Profits

#FirstDividend - Enjoying its biggest ever profits last year, Shannon Foynes Port Company (SFPC) has revealed from their 2014 annual report.

SFPC, which operates six ports on the Shannon Estuary and handles international trade valued at over €6bn, saw profits increase to €2.864m from €2.825m in 2013.

The company’s general cargo terminals recorded year-on-year increases of 5 per cent and capitalised on the recovering economy through a GDP growth of over 4 per cent for 2014.

The growth now means the company is in a position to provide a dividend from the 2014 results. For more on the story, The Sunday Business Post reports here.

Published in Shannon Estuary

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William M Nixon has been writing about sailing in Ireland and internationally for many years, with his work appearing in leading sailing publications on both sides of the Atlantic. He has been a regular sailing columnist for four decades with national newspapers in Dublin, and has had several sailing books published in Ireland, the UK, and the US. An active sailor, he has owned a number of boats ranging from a Mirror dinghy to a Contessa 35 cruiser-racer, and has been directly involved in building and campaigning two offshore racers. His cruising experience ranges from Iceland to Spain as well as the Caribbean and the Mediterranean, and he has raced three times in both the Fastnet and Round Ireland Races, in addition to sailing on two round Ireland records. A member for ten years of the Council of the Irish Yachting Association (now the Irish Sailing Association), he has been writing for, and at times editing, Ireland's national sailing magazine since its earliest version more than forty years ago