Titanic Quarter Company Warns of Brexit Impact

27th September 2016

#TitanicBrexit - Belfast’s Titanic Quarter, which is home to Northern Ireland’s and Europe's most popular tourist attraction, has reported losses for last year of £333,111 (€383,329), newly filed accounts show.

Titanic Island Limited, which controls the group of companies working in the quarter, said pretax losses narrowed from £1.16 million in 2014. The group previously reported a £68,000 loss for 2014, down from £33.9 million in 2013. It said the previous year’s results had been restated due to a transition to the FRS 102 reporting standard.

Turnover totalled £10.9 million for 2015 with operating profit rising from £1.96 million to £2.49 million.

For more on the potential of the Brexit impact to one of the world’s largest urban-waterfront regeneration projects, the Irish Times has a report by clicking here.

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Jehan Ashmore

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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.

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