First Dividend Paid by SFPC Amid Record Profits

15th December 2015

#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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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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Shannon Foynes Port Information

Shannon Foynes Port (SFPC) are investing in an unprecedented expansion at its general cargo terminal, Foynes, adding over two-thirds the size of its existing area. In the latest phase of a €64 million investment programme, SFPC is investing over €20 million in enabling works alone to convert 83 acres on the east side of the existing port into a landbank for marine-related industry, port-centric logistics and associated infrastructure. The project, which will be developed on a phased basis over the next five years, will require the biggest infrastructure works programme ever undertaken at the port, with the entire 83 acre landbank having to be raised by 4.4 metres. The programme will also require the provision of new internal roads and multiple bridge access as well as roundabout access.