Irish Continental Group said its group revenues for the first ten months of the year rose by 3.1% to €288.9m.

In a trading update, ICG said that total revenues in its Irish Ferries division were up 1.4% to €184.4m for the ten months to the end of October compared to the same time.

Irish Ferries carried 385,100 cars, an increase of 2.2% on the previous year, while freight carryings so far this year increased by 0.5% to 247,700 RoRo units.

ICG said the euro value of the division's sterling originating revenues have been affected by the weaker sterling, but added that this has been partly mitigated by offsetting improvement from sterling based costs. 

It noted that fuel costs continue to be impacted by higher global fuel prices compared to the previous year. 

Meanwhile, revenues at the company's Container and Terminal Division amounted to €111.2m, up 5.9% on the same 10 month period last year. 

ICG said that container freight volumes shipped were up 5.5%, with the rate of growth slowing to 3.8% in the months since the end of June.