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INTERIM RESULTS TO 30 APRIL 2000

KEY POINTS 2000 1999
Turnover Euro 122.9m Euro 94.5m
(Loss)/Profit before tax (Euro 4.7m) Euro 2.6m
Basic (loss)/earnings per share (17.9c) 9.7c
Dividend per share 4.75c 3.96c

•  Continued revenue and volume growth reflecting the benefit of the capital investment programme of recent years.

•  Inaugural first-half inclusion of $40m High Speed ferry, Jonathan Swift, on the key Holyhead-Dublin route leading to increased market share.

•  Lower operating profit in Ferries division due to increased capacity, fuel costs and loss of Duty Free, partially mitigated by price and volume gains.

•  Construction of 100 Euro million cruise ferry m.v. "Ulysses", which will almost double freight capacity of Dublin - Holyhead route, continuing according to plan.

 

 

 

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