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26/06/2017
Belfast Harbour Reveals Record Performance
Belfast Harbour has revealed a record financial performance for last year.
Turnover grew by 7% to £58.1 million while operating profit increased by 12% to £32.2m according to its 2016 Annual Report.
The growth was driven by improved port throughput and increased property income. The freight ferry sector, operated by StenaLine, performed particularly well with over half a million vehicles passing through Belfast, a rise of 60% since 2010. Passenger numbers also grew strongly in 2016, up 9% to 1.5m, the highest level since 2004.
Dr David Dobbin, Belfast Harbour's Chair, said: "This has been another highly successful year for Belfast Harbour reflecting an improving economic background and the benefits coming from our ongoing investment in port facilities and development of the Harbour estate - investments which have totalled £130m over the past five years.
"Every penny of our net profit is reinvested in the development of the Harbour’s port and property activities, supporting businesses throughout Northern Ireland. As is the case in the Port sector the scale of these benefits to the wider economy is considerably in excess of the direct economic benefit to Belfast Harbour itself."
(CD)
Turnover grew by 7% to £58.1 million while operating profit increased by 12% to £32.2m according to its 2016 Annual Report.
The growth was driven by improved port throughput and increased property income. The freight ferry sector, operated by StenaLine, performed particularly well with over half a million vehicles passing through Belfast, a rise of 60% since 2010. Passenger numbers also grew strongly in 2016, up 9% to 1.5m, the highest level since 2004.
Dr David Dobbin, Belfast Harbour's Chair, said: "This has been another highly successful year for Belfast Harbour reflecting an improving economic background and the benefits coming from our ongoing investment in port facilities and development of the Harbour estate - investments which have totalled £130m over the past five years.
"Every penny of our net profit is reinvested in the development of the Harbour’s port and property activities, supporting businesses throughout Northern Ireland. As is the case in the Port sector the scale of these benefits to the wider economy is considerably in excess of the direct economic benefit to Belfast Harbour itself."
(CD)
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