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Profits Fall As Revenue Rises At Titanic Belfast

28th March 2016
Profits Fall As Revenue Rises At Titanic Belfast

#TitanicBelfast - Pre-tax profits at Titanic Belfast have dropped by more than 32% in the last 12 months despite a rise in the centre's revenue, as The Irish Times reports.

A 7% growth in revenues at the popular Belfast Lough tourist attraction, which charts the history of the RMS Titanic, has been offset by increases in administrative expenses and staffing costs in the latest accounts.

But directors cite a 2% growth in visitor numbers since March last year, three-quarters of them from outside Northern Ireland, as well as the centre's estimated contribution of some £105 million to the local economy since opening four years ago.

The Irish Times has more on the story HERE.

Published in Titanic
MacDara Conroy

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MacDara Conroy

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MacDara Conroy is a contributor covering all things on the water, from boating and wildlife to science and business

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