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Displaying items by tag: Harland & Wolff Profits

3rd June 2015

In the Black As H&W Post Pre-Tax Profit of £8.7m

#H&Wprofits – Returning to the black as Harland & Wolff have posted pre-tax profits of £8.7m following huge losses just a year earlier.

The Belfast shipyard clawed back its profits by opening up business across a range of areas after its more than £4m losses in 2013, Harland & Wolff has said.

Turnover for the year ending December 2014 shot up to £55m - a 70% rise on the same period in 2013, when it stood at £32m.

Harland & Wolff's sales and marketing manager David McVeighsaid the increase was down to "continual investment" in the firm, and moving on from the huge loss it suffered in 2013.

For more on this story, The Belfast Telegraph has a report here.

Published in Belfast Lough

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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