September 1, 2017

Irish Continental Group (ICG), the Irish-based maritime transport group, reported a solid financial performance for the half year ended 30 June 2017.

Growth in revenue went up 3.7% to €156.1, in what is seasonally its less profitable half year period.

The strong performance is underpinned by increased car volumes and the consolidation of the strong ro-ro growth over the last two years in the ferries division.

Irish Ferries carried 174,500 cars (+2.3%) and 700,400 passengers (+1.7%)

Ro-ro freight volumes went a little down: 138,600 units (-0.4%).

In H1 ICG sold ro-pax KAITAKI (ISLE OF INNISFREE) to Toll Shipping, and now the company is looking forward to the arrival in mid-2018 of the new ship, which will bring cost savings and additional earnings potential.