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Outstanding Rise Of ICG Helps Travel To Ireland

[01-09-2010]

Increase In passengers:

Income of Irish Continental Group rose up by 2.2 percent to € 122 million in the first half of the year, driven by an increase in passenger numbers due to the cloud of volcanic ash. The growth in passenger numbers helped to offset the fall in car numbers, down by ireland ferry1.4 per cent. The company reported pre-tax profits of €8.2 million for the first half of the year, up from €5.8 million a year earlier. Earnings before interest, tax and depreciation were €20 million, rising 6.4 per cent from the €18.8 million recorded last year, despite fuel costs rising by 48 per cent to €20.1 million.

Well-Placed To Fund:

According to Davy Stockbrokers, ICG should be close to debt-free by the end of the year. Mr Rothwell said the company`s strong balance sheet left it well-placed to fund any future acquisitions. “While there is nothing specific in terms of acquisitions, there are definitely opportunities in the current economic climate.” Mr Rothwell expressed his frustration at the time, pointing out that it could hinder ICG`s ability to make an acquisition this year and took away a means of incentivising executives.

Ireland Ferries Easy Travel:

With many ferry operators from the UK to Ireland providing world class travel comfort, it is now very much attractive deal for passengers making ferry trip to Ireland. Travellers can get many travel benefits for making their trip to Ireland with Norfolkline Ferries. Get more knowledge about Ferry To Ireland and travel happily. Travellers can always catch a ferry or a train to reach the other part of Ireland for a romantic weekend break or take the whole family in your car and drive through the continent to enjoy summer on the beautiful beaches.


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