Port of Cork announces increase in traffic and turnover
The Port of Cork today reported an increase in traffic volumes from 9.05 million tonnes in 2012 to 9.12 million tonnes in 2013.
Turnover amounted to €23.3m in 2013, an increase of 6.59% and after deducting costs, the profit on ordinary activities before taxation amounted to €1.74m, an increase of €0.371m.
In 2013, the company maintained its commitment to capital investment by making additions to fixed assets of €5.89m.
This brings investment level by the company, since 1997, to €109m.
The most notable investment in 2013 was the purchase of a new Liebherr LHM 550 crane for Ringaskiddy to support the increased imports of dry bulk cargos - cereals, animal feedstuffs, fertilisers - and to accommodate the Maersk Container transatlantic deep-sea direct service which commenced in January 2012.
Commenting on the 2013 annual results for the Port of Cork, Chief Executive Brendan Keating said: "I am pleased to announce our 2013 results today which have returned an increased performance on 2012.
"For the last couple of years, we have seen steady increases in our traffic volumes and annual performance, highlighting the slow but steady improvement in Ireland’s economy.
"The Port of Cork Company and its Board of Directors in response to the needs of the economy and the consequential growth in business have lodged a planning application for port redevelopment at Ringaskiddy.
"Being able to offer improved port facilities to our customers, is key in the continued success and competitiveness of the region and our business."
