Displaying items by tag: ICG H1 results
Irish Ferries Owner, Irish Continental Group Reports Flat Half-Year Revenues
Dublin based Irish Ferries, owned by Irish Continental Group (ICG) has reported lower pre-tax profits and flat revenues for the six months of this year reports RTE News.
The results from the half-year report to the end of June, is amid the continued return towards pre-pandemic travel patterns after the disruption caused by Covid-19.
The Irish-based maritime transport group said its half year revenues increased by 0.3% to €264m while its pre-tax profits fell by 9.1% to €16.2m from €17.4m the same time last year.
ICG declared an interim dividend of 4.87 cent per share, this is up from the dividend of last year’s 4.64 cent.
In May, ICG chartered the former Baltic Sea cruise ferry Oscar Wilde for an initial 20 month period and Afloat adds with the option to extend by two, plus two years and purchase. The 2,080 passenger ferry entered service on the Rosslare-Pembroke route having replaced another chartered ferry the Blue Star 1.
The continued normalisation in passenger travel levels after Covid had benefitted the Group in all its markets. This was reflected with growth in its Roll on Roll off (RoRo) freight carryings and the strengthening of its position on the short-sea Dover-Calais route competing with P&O Ferries and DFDS.
ICG said the continued return of ferry passenger travel alongside continued support of its freight customers on both its old and new routes (the UK-France route launched in 2021) resulted in the highest ever revenue levels in the ferries division.
More here on the H1 results for 2023.
