Tag Archives: 733% drop in operating profit
More Northern Ireland fishermen can’t afford to go to sea due to surging fuel costs
Harry Wick, CEO of the Portavogie based NI Fish Producers Organisation said that the rising cost of red diesel is making some 900 fishing related jobs in Northern Ireland increasingly vulnerable. “In terms of the price of fuel it is a very serious issue for us,” he said. “We currently have vessels tied up because it just isn’t economical for them to fish at the minute. “If red diesel prices stay above 90p for the remainder of the year they are looking at a 733% drop in operating profit. Now bear in mind anything over a 100% drop in operating profit means that you are operating at a loss. >click to read< 16:28
