Shannon Foynes Port Company which is state-owned, has reported a 7.6 per cent decline in turnover last year to €12.9 million as pre-tax profits fell from €4.9 million to €3.1 million due to the impact of the Covid-19 crisis.
Chief executive Pat Keating said it was a solid performance despite the unprecedented challenges faced by the facility, which is the country’s largest bulk port for non-container freight.
Earnings before interest, taxes, depreciation and amortisation (ebitda) for the year were €5.6 million, slightly up on the prior year despite a 94 per cent decline in throughput at the Moneypoint terminal due to the coronavirus pandemic.
Overall throughput at Shannon Foynes last year totalled 9.458 million tonnes, down 1.9 per cent or 185,000 tonnes versus 2019.
The Irish Times has further details of the mid-west port's performance.