Port of Waterford has reported operating profits of €1.1 million for 2021, up from €700,000 the previous year.
Turnover was €7.7m and shareholder's funds ended the year at €34m.
Bulk throughput in 2021 came in at 1.7 million tonnes, an 11% increase on 2020, while containers handled remained broadly in line with 2020.
The port said that activity for the first half of 2022 demonstrates that the business is again showing positive momentum in 2022 with bulk handling ahead of 2021 by over 12% at the half year and laden container throughput up 5% on last year.
Frank Ronan, Chief Executive, said the port performed well in 2021 despite the many challenges faced in that year.
"We have seen further recovery in the 1st half of 2022 in our parking income, continued growth in bulk and container volumes and an overall step up in developmental activity. However, as in other areas of the economy, we too are experiencing significant cost pressures and volatility in some throughputs as we move into the second half of the year."
Mr Ronan said the Company is very well placed to handle a significant level of onshore renewable wind projects in the coming years and well positioned to support the offshore industry as it gears up for major investment later this decade.
On cruise tourism, Mr Ronan welcomed the return of Cruise Ships visiting Waterford Harbour this summer.
"We are delighted to be working with the local Cruise Co-operative and Dunmore East Fishery Harbour again to deliver business for our region's tourism and hospitality operators. The return of these visitors is particularly welcome following on from what has been a really difficult time for this sector."
