In the Black As H&W Post Pre-Tax Profit of £8.7m

3rd June 2015

#H&Wprofits – Returning to the black as Harland & Wolff have posted pre-tax profits of £8.7m following huge losses just a year earlier.

The Belfast shipyard clawed back its profits by opening up business across a range of areas after its more than £4m losses in 2013, Harland & Wolff has said.

Turnover for the year ending December 2014 shot up to £55m - a 70% rise on the same period in 2013, when it stood at £32m.

Harland & Wolff's sales and marketing manager David McVeighsaid the increase was down to "continual investment" in the firm, and moving on from the huge loss it suffered in 2013.

For more on this story, The Belfast Telegraph has a report here.

Published in Belfast Lough

Tagged under

About The Author

Jehan Ashmore

Email The Author

Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

We've got a favour to ask

More people are reading Afloat.ie than ever thanks to the power of the internet but we're in stormy seas because advertising revenues across the media are falling fast. Unlike many news sites, we haven't put up a paywall because we want to keep our marine journalism open.

Afloat.ie is Ireland's only full-time marine journalism team and it takes time, money and hard work to produce our content.

So you can see why we need to ask for your help.

If everyone chipped in, we can enhance our coverage and our future would be more secure. You can help us through a small donation. Thank you.