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Dublin Port Company profits soar

Dublin Port - Operating profit of €66.5m
Dublin Port - Operating profit of €66.5m

The State-owned Dublin Port Company has recorded a 36% increase in operating profits to €25.5m, while income is up almost 8% at €66.5m.

According to its trading figures for the first half of 2007, the throughput was was almost 9% higher at just under 30 million tonnes last year, with that figure continuing to rise into this year.

In its update for this year, management at Dublin Port say tonnage throughput was up 10% in the first half of this year compared to the same period last year.

The company invested €14.9m in 2006, which included improving facilities to accommodate increases in throughput and customer expansion.

There were 1.185 million ferry passengers in 2006, which was marginally lower than the numbers recorded the previous year. However, the trend is expected to reverse in 2007, it said.

Dublin Port is the biggest in the country and 50% of all imports and exports in to and out of Ireland pass through the port.