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Strong Profits Follow ‘Solid’ Year For Shannon Group

Shannon Airport's parent company has reported a post-tax profit of €7.3 million for last year.

Shannon Group PLC includes the Airport, as well as Shannon Commercial Properties and Shannon Heritage.

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Last year, it's recorded total turnover of €65.6 million, with €7.3 million in post-tax profits.

Group Chairman Rose Hynes says their performance has been solid, but feels there are greater opportunities for growth which can be best siezed by delivering a five year investment programme, as well as cutting costs.

This is also referenced by Acting CEO Mary Considine, who has said the long-term sustainability of their business model remains a challenge.

The capital investment program includes plans to overlay the runway, carry out upgrades at the Airport and the Free Zone and other works at Bunratty Castle and Folk Park.

The annual results also show a 5% growth in passenger numbers at Shannon Airport last year, as well as an 8.6% jump in visitors at sites operated by Shannon Heritage.

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