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Shannon Foynes Port Company Records €2.9m Profit

9th September 2012
Shannon Foynes Port Company Records €2.9m Profit

#SHANNON FOYNES – An operating profit close to €2.9m for last year (up from €2.5m in 2011) was recorded by Shannon Foynes Port Company (SFPC) according to yesterday's Irish Times.

SFPC recorded a 2.2 per cent rise in turnover to €10.1 million, resulting in a 13 per cent increase in operating margin from 25.5 per cent to 28.1 per cent, according to the 2011 annual report.

The company made a profit attributable to the shareholder of €2.73 million after exceptional items and financing. Cargo increased 8 per cent to 10.1 million tonnes from 9.4 million tonnes in 2010. About 35 per cent of Ireland's bulk traffic transits through SFPC's six terminals on the estuary.

Published in Shannon Estuary
Jehan Ashmore

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Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals. 

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