Turnover at the Port of Cork Company increased by over 21% last year to €48.4 million.
That compares to a turnover of just under €40 million in 2021.
The company's profits also increased by just under 18%, with an operating profit of €9.16 million, up from €7.78 million the previous year.
The company's annual report shows that the Ports of Cork and Bantry reported a total consolidated traffic throughput of 10.2 million tonnes in 2022, slightly lower than in 2021.
The number of container twenty-foot equivalent units increased slightly, mainly due to the commencement of new Con-Ro services linking Ringaskiddy directly with Europe.
Imports of trade cars and dry bulks also increased which all offset small declines in liquid and break bulk traffic.
The number of people employed at the company increased from 154 to 170 as a result of operating two container terminals at Tivoli and the new Cork Container Terminal in Ringaskiddy.
The cruise sector recommenced last April, with the Port of Cork welcoming 82 cruise liner calls to cork carrying 115,000 visitors, and nine cruise liner calls to Bantry.
Brittany Ferries returned to normal pre-covid trading levels with 117,000 passengers and added a second weekly service from Cork to Roscoff.
"2022 will be remembered as a monumental year for the Port of Cork with the official launch of the €94 million Cork Container Terminal (CCT) in Ringaskiddy," the company said in a statement.
"This investment delivered an optimised 360m single berth, two new 50 metre Liebherr ship-to-shore cranes, additional straddle carriers, a new straddle carrier maintenance building, and new Customs & Excise facilities.
"It also included a recreation area at Paddy's Point and a new Deepwater Berth entrance and internal port roads network. The Port of Cork, therefore, doubled its container capacity by also keeping the Tivoli Container Terminal fully operational," it added.
The Port of Cork Company said another key milestone was the completion of a long-term masterplan 2050 process including a full public consultation.
The final version of the masterplan was launched by the Government in May and outlines the future port critical infrastructure required.
Conor Mowlds, Chief Commercial Officer at the Port of Cork said 2022 was a significant year for the port.
"We took many strides towards our voyage into the future - most notably with the official launch of Cork Container Terminal and the publishing of our Masterplan 2050 which will chart our course over the next three decades," he said.
"Following a strong financial year, we are now in a better position to progress vital additions to our infrastructure - including upgrades to our cargo handling fleet and port facilities," he added.
