Melissa Clinton September 1, 2016 No Comments

Irish Continental Group (ICG) the leading Irish-based maritime transport group, reports a solid financial performance for the half year ended 30 June 2016.

Highlights

  • Revenue up 5.2% to €150.5 million (2015: €143.1 million)
  • EBITDA up 19.6% to €30.5 million (2015: €25.5 million)
  • Basic EPS up 32.1% to 10.3c (2015: 7.8c)
  • RoRo freight volumes up 5.6% to 139,100 units (2015: 131,700 units)
  • Cars carried up 5.5% in the period to 170,500 units (2015: 161,600 units)
  • Container volumes shipped in the period up 7.4% to 152,700 teu (2015: 142,200 teu)
  • Port lifts handled in the period up 39.6% to 144,800 lifts (2015: 103,700 lifts)
  • MV Kaitaki to remain on charter to June 2020
  • Net Debt down 57.3% to €18.9 million from €44.3 million at 31 December 2015
  • IAS 19 accounting deficit on retirement benefit schemes has increased from €5.1 million at 31 December 2015 to €32.8 million at 30 June 2016
  • Interim dividend 3.820 cent, up 5.0% (2015: 3.638 cent)

For further details go to Irish Continental Group plc