OPERATIONS at Limerick Docks are “making a strong contribution” at Shannon Foynes Port Company, CEO Pat Keating said after the company reported record operating profits of €3 million in 2012.
This amounts to an increase of almost 7% on 2011 for SFPC, which manages port facilities along the Shannon Estuary including Limerick and Foynes.
The fodder crisis has seen the company capitalise with an increase in animal feed imports into Limerick.
“Limerick is a very important revenue centre for SFPC and makes a strong profit contribution to its overall profitability,” said Mr Keating, underlining SFPC’s plan to keep Limerick open as a working port.
“Currently, the docks facilitates a number of local indigenous firms exporting bulk cargoes and is also a very important import port for the agricultural sector, particularly, animal feeds and fertiliser cargoes. This activity supports several hundred direct and indirect jobs in the city and environs.”