Profits at Shannon Foynes Port hit record high

Profits at Shannon Foynes Port hit a record €4.3 million last year.

That’s according to the State-owned company’s annual results.

They show that turnover rose 5.7% last year to €14 million, and pre-tax profit grew by just under 5% to €4.3 million in 2017 from €4.1 million the previous year.

Shannon Foynes Port says these are the highest profits that the company has earned in its history.

The quantity of cargo handled rose 4% to 11.3 million tons; that’s up 18% in the past three years.