The Port of Cork Company recorded an 18% increase in turnover in 2021 to €39.8m, as a result of growth in port traffic.
The company's profits also increased, to €7.8 million last year, from €6.1m in 2020.
The Port of Cork is the second largest port in the State in terms of turnover, handling all cargo types including lift-on lift-off, bulk liquid, bulk solid, break bulk, roll-on roll-off and cruise.
In 2021, the Ports of Cork and Bantry reported a total consolidated traffic throughput of 10.6 million tonnes in line with 2020.
Due to the retention of existing traffic and the commencement of a number of services direct to Europe from Ringaskiddy following Brexit, the report shows that the number of container twenty-foot equivalent units (TEUs) increased by 13% to a record 281,816 TEUs.
Meanwhile, employment figures increased from 155 to 164 with employee costs rising from €12.33m to €14.4m.
In April 2022, the cruise sector successfully recommenced following Covid-19 restrictions, and the Port of Cork saw an uplift in tourism trade.
"This was a significant year for the Port, not only in terms of recovery from the impact of the pandemic but because of the many strides taken towards our voyage into the future," said Conor Mowlds, Chief Commercial Officer at the Port of Cork.
"The completion of CCT represented the first phase of the PoCC's Strategic Development Plan and capital investment program which will see new cargo handling equipment, an extension of the deep-water berth, and a further extension of CCT over the coming years.
"Following a strong financial year, we are now in a better position to progress these vital additions to our infrastructure.
"We look forward very much to the completion of the M28, which, when combined with CCT, will future-proof the Port of Cork to the benefit of the Irish, regional, and local economies," he added.
