Dublin Port Weathers Brexit and Covid with Profit of €44.15m

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Dublin Port Company last year recorded “a strong financial performance” with operating profits of €44.15 million despite challenges from Brexit and Covid-19.

The company’s annual report shows the company’s revenues dipped by only 6.6 per cent from €92.72 million to €86.59 million.

The port’s operations were hit hard in the second quarter of 2020 with volumes down 17 per cent due to the pandemic. The company had last year anticipated volumes could be down 23 per cent to 29.3 million tonnes.

However, in his report, chairman Jerry Grant stated that the volume decrease was “far less than feared” and volumes for the year were 36.9 million tonnes – a 3.3 per cent drop on 2019.

The port’s operating profits of €44.15 million were down only marginally on the operating profits of €44.22 million for 2019.

Source: 
www.hellenicshippingnews.com
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