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Irish Continental Group PLC - Dublin-based shipping and transport company - Narrows its pretax loss in 2021 to €4.1 million from €18.0 million the previous year. Revenue rises 21% to €334.5 million from €277.1 million. Irish Continental Group operates through two divisions: the Ferries division and the Container & Terminal division. The Ferries division sees revenue rise 24% in 2021 while the Container & Terminal division rises 19%. Chair John McGuckian calls the year ‘challenging’ due to the continuation of travel restrictions.
In the period from January to March 5, Irish Continental says trading has been strong in the Ferries division with a continuation of the positive trends in its freight business and a lifting of most Covid-19 travel restrictions. The Container & Terminal division sees a disrupted start to 2022 due to bad weather which has reduced the number of sailings in the container business.
Current stock price: 262.00 pence, down 6.8% in London
12-month change: down 29%
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