ICG revenues improve in year to date

Earngings at ferry company Irish Continental Group have improved as its freight handling division made gains in the first four months of the year.

Revenues rose to €72.1 million in the first four months of the year, from €70.4 million in the same period of 2012.

Car and passenger figures fell 5.5 and 1.5 per cent so far in the year, as an early Easter impacted traffic.

Freight improved as roll on roll off freight increased 6.4 per cent and container freight volumes increased by 10 per cent compared to the same period last year.

However units handled at terminals in Dublin and Belfast fell 3.4 per cent year-on-year with the biggest reduction coming from business in Belfast.

However the majority of ICG’s business is in the second half of the year, when most of its operating profit is generated.