Irish Continental Group has reported an 8.2% increase in group revenues up to November 23, mainly as a result of the "improved schedule integrity" at its Irish Ferries division after last year's disruptions.

In a trading update, ICG said its group revenue rose to €308.8m, an increase of €23.5m on last year, with increases across all of its revenue streams.

Noting the continuing uncertainty over the timing and manner of Brexit, ICG said it saw some volatility in carryings as key Brexit dates were approached and subsequently postponed. 

"The overall effect of this continuing uncertainty is generating negative impact on consumer sentiment and trade flows as investment decisions are delayed," it added.

It also said that so far this year, its fuel costs are marginally higher over the previous year with lower US dollar costs offset by stronger dollar exchange rates and increased consumptions due to higher overall fleet capacity and schedule changes.

ICG said that total revenues at its Ferries division rose by 7.1% to €184.3m.

It said this increase was driven by schedule changes as well as additional cruise ferry capacity after the entry into service of the WB Yeats in January which replaced the Oscar Wilde. 

For the year to 23 November, Irish Ferries carried 370,700 cars, an increase of 1.6% on the previous year. 

It noted that overall tourism revenues increased in line with volumes in a competitive marketplace. Carryings since the end of June increased by 7.9%.

Freight carryings for the year so far reached 283,000 RoRo units, an increase of 10.5% compared with 2018. 

Meanwhile, total revenues recorded in the period to 31 October amounted to €131m, a 9.1% increase on the same time last year.

ICG's cruise ferry Oscar Wilde was sold in April after its new ferry, the WB Yeats, entered service in January. 

The agreed price of the deal was €28.9m, which generated a profit after tax of €14.9m - receivable in instalments over 72 months. 

ICT's container vessel fleet has also been increased to six vessels with the acquisition of the Thetis D in April and the CT Rotterdam in November.