Tuesday March 31, 2020

ICG to be debt free despite rising fuel costs

Ferry company, Irish Continental Group is expected to be debt free by the end of 2012 despite the pressure of higher fuel costs afflicting all transport companies at the moment.

6th March, 2012
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Irish Continental Group, which operates as Irish Ferries and Eucon, is expected to be debt free by the end of 2012 despite the pressure of higher fuel costs afflicting all transport companies at the moment.

The company will report its full year results for 2011 on Thursday and a briefing note today from Goodbody Stockbrokers predicts an operating profit of €28.9 million, down 8 per cent from the 2010 figure. Goodbody is forecasting a 3 per...

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