Irish Continental Group has reported a good start to the year with consolidated group revenue for the first four months up 7.4% to €91.4m.
In a trading update for the four months to the end of April, it said that net debt reduced substantially to €25.9m compared with €44.3m at the end of last year.
ICG added that trading conditions remain favourable.
Total revenues in its ferries division rose by 7.1% to €51.6m in the four month period - the seasonally less significant period for tourism for the company.
Irish Ferries carried 90,200 cars, up 5% on the same time last year, while freight carryings rose by 8% to 92,300.
ICG said that total revenue in its container and terminal division jumped by 13.4% to €42.3m.
Container freight volumes shipped were up 10%, while units handled at the company's terminals in Dublin and Belfast soared by 54%.
