The Shannon Foynes Port Company last year incurred legal costs of €357,008 arising from the successful High Court action its chief , Pat Keating, took against the port firm over unpaid bonuses.
The firm’s 2023 annual report discloses that the €357,008 in fees from legal proceedings “relate to invoiced and received expenditure concerning third party legal costs arising from a legal case with an employee where judgment was issued in favour of the plaintiff during 2022″. The annual report reveals that pretax profits at Shannon Foynes Port Company last year increased by 14 per cent to €4.8 million. This followed revenues dipping marginally from €15.89 million to €15.75 million.
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