#ProfitsUp - The Port of Cork through increased activity saw profits increase by 79% to almost €4.5m last year, reports the Irish Examiner.

The State-owned company, which oversees port operations in Cork, saw revenue from charges to port users and property rental increase by 12.9% to €29.8m.

Ireland’s second busiest port also reported growth in the volume of goods passing through Cork in 2015 – up 8.6% to 11.02 million tonnes – although there was a slight decrease in the actual number of vessels – down 10 to 1,174.

In its annual report the company welcomed the decision by An Bord Pleanála, last May, to grant planning permission for a €100m redevelopment at Ringaskiddy which it described as a “critical infrastructure project”.

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