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Displaying items by tag: Impact of Covid

Higher revenues for the six months to the end of June have been reported by the Irish Continental Group, but a drop in earnings before interest and tax as the Covid-19 pandemic continued to create an "exceptionally challenging" trading environment for the company.

ICG which owns Irish Ferries, said its revenues rose by 8.3% to €141.6m, while EBIT generated was a loss of €10.3m, €0.8m worse than the same time last year.

The company reported a loss before tax of €12.2m compared to a loss before tax of €11.2m last year.

ICG said that travel restrictions in place in the first half of the year materially reduced its passenger business.

But it added that it has maintained services on all of its shipping routes, keeping critical logistical links to the island of Ireland.

RTE News has more to report here.

Published in Irish Ferries

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