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Displaying items by tag: Revenue Rise

Irish Ferries parent company the Irish Continental Group has reported an increase in revenue for the first four months of the year.

In a trading statement, the group provides comparisons to the same period last year as well as to the first four months of 2019, the year before the pandemic struck.

ICG said group revenue up to the end of April this year came in at €161.2 million - an increase of 80.5% on last year, but it was also up over 57% on 2019 levels.

Net debt increased by €30 million to stand at just over €174 million.

The increase in debt was accounted for by strategic capital expenditure mainly arising from the acquisition of two ferries for their new Dover-Calais service as Afloat reported, the Ciudad de Mahón from a Spanish operator and Calais Seaways from a Danish company.

RTE News has more from both the ferry and container/terminal divisions.

To consult ICG's Trading Statement, click here.

Published in Irish Ferries

Maritime transport operator, Irish Continental Group has reported revenue 6% higher for the half year, following the introduction of the WB Yeats cruise ferry on schedule services with Irish Ferries in January.

Earnings per share, reports RTE News, however, were down 16% to 12.8 cent. ICG reported its interim dividend increased by 5% to 4.42 cent.

The company is concerned about the impact of Brexit but says it can pursue other opportunities, and remains confident for continued revenue growth.

ICG sold the Oscar Wilde ferry in April for €28.9 million, following the sale, a year earlier, of the Jonathan Swift for €15.5 million.

Fuel costs increased by €3.1 million to €25.5 million in the six month period.

Click here for more on this story. 

Published in Ferry
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Wave Regatta provides Howth Yacht Club and the community on the Howth peninsula in County Dublin with a biennial keelboat racing event that aims to be the most attractive sailing event in Ireland.

Maximising many of the local natural resources and involving allied Howth businesses and services, it attracted competitors, visitors and others on its first staging in 2018 with a weekend-long spectacle establishing Howth as a destination of choice for sailors, visitors and allied marine tourism.

Read Afloat's preview and review of the first staging of Wave Regatta.

At A Glance - Wave Regatta 2024

Howth Yacht Club's 2022 WAVE Regatta will be sailed from May 24th to 26th 2024

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