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Displaying items by tag: ICG Q3 results

#ICGresultsQ3- A revenue rise of 10.3% for Irish Continental Group (parent company of Irish Ferries) was achieved in the three months to the end of September, while operating profit increased to €23.8 million on the back of increased passenger numbers.

An interim management statement from the firm showed revenue rose to €93.4 million, while earnings before interest, tax, depreciation and amortisation (ebitda) rose to €28.1 million, compared with €26.9 million in the same quarter in 2013.

Fuel costs in the quarter were €14.3 million, up from €12.7 million during the same period in 2013, due to the additional sailings of the ro-pax Epsilon.

For further details see yesterday's Irish Times report by clicking here.

 

Published in Ferry

The Irish Cruiser Racing Association (ICRA) Information

The creation of the Irish Cruiser Racing Association (ICRA) began in a very low key way in the autumn of 2002 with an exploratory meeting between Denis Kiely, Jim Donegan and Fintan Cairns in the Granville Hotel in Waterford, and the first conference was held in February 2003 in Kilkenny.

While numbers of cruiser-racers were large, their specific locations were widespread, but there was simply no denying the numerical strength and majority power of the Cork-Dublin axis. To get what was then a very novel concept up and running, this strength of numbers had to be acknowledged, and the first National Championship in 2003 reflected this, as it was staged in Howth.

ICRA was run by a dedicated group of volunteers each of whom brought their special talents to the organisation. Jim Donegan, the elder statesman, was so much more interested in the wellbeing of the new organisation than in personal advancement that he insisted on Fintan Cairns being the first Commodore, while the distinguished Cork sailor was more than content to be Vice Commodore.

ICRA National Championships

Initially, the highlight of the ICRA season was the National Championship, which is essentially self-limiting, as it is restricted to boats which have or would be eligible for an IRC Rating. Boats not actually rated but eligible were catered for by ICRA’s ace number-cruncher Denis Kiely, who took Ireland’s long-established native rating system ECHO to new heights, thereby providing for extra entries which brought fleet numbers at most annual national championships to comfortably above the hundred mark, particularly at the height of the boom years. 

ICRA Boat of the Year (Winners 2004-2019)