Irish Continental Group (ICG) has reported a 14 per cent increase in turnover to €355.8 million for 2007.
Results for the year published today show EBITDA, before non-trading items, was up by 34 per cent to €80.2 million, compared to €59.7 million a year earlier.
ICG said the improvement in EBITDA and operating profit was due to the increase in revenue across the group partially offset by higher port charges and fuel costs (up 10 per cent to €36.1 million).
The group said turnover in the "seasonally more significant" second half was up 13 per cent at €192.6 million, while profit before non-trading items was €33.7 million compared with €29.6 million in the second half of 2006.
Second-half operating profit in the Ferries Division was up 6 per cent at €28.7 million, compared with 2006.
In the Container & Terminal Division, operating profit in the second six months rose to €5 million, compared with €2.4 million in the comparable period in 2006.