POOR LEVEL OF COMMERICAL BUSINESS AT GALWAY HARBOUR COMPANY
Date Published: 27-Aug-2012
Galway Harbour Company has made more of a profit from car parking than from harbour activities according to its 2011 accounts.
Figures show that more than 50 per cent of its income comes from car parking and rental income than from port business.
According to the Irish Independant last year 853 thousand euro of the Galway Harbour Companys income came from car parking while rental income stood at 1 million euro.
Overall the company experienced a fall of 8 per cent in revenue to 3.5 million and throughput dropped by 18 per cent.
However a profit of 823 thousand euro was recorded for 2011.
The company has yet to make a comment on the figures.