1 minute read
Revenues at Dublin Bus reach €310m
REVEnuES at Dublin bus last year increased by 14pc to €310.2m as the number of customers journeys rose to 121.4 million.
However, higher costs at Dublin bus resulted in the transport firm recording a modest pre-tax loss of €611,000 compared with a pre-tax profit of €5.7m in 2021.
Advertisement
The company is the largest transport provider in ireland with a fleet of over 1,000 buses which follow 121 routes and the number of passenger journeys increased by 73pc rising from 70 million to 121.4 million as the business recovered from Covid-19.
The business recorded the pre-tax loss as the cost of fuel and lubricants increased from €23.97m to €27.3m as part of the material and services bill rising from €69.85m to €78.82m. Staff costs increased by 15pc from €200.77m to €231.57m. The loss also took account of a €118,000 cost concerning ‘restructuring and other employee related matters’.
On the challenges facing the company, chairman Gary Owens conceded that the highly competitive labour market “resulted in some services failing to operate due to driver shortages”. He said: “The company has taken several additional steps to boost driver numbers and our employees are working hard to minimise the effect of driver recruitment challenges.”
Mr Owens stated that “the company had a very strong performance in 2022, while meeting the needs of our customers and delivering cost efficiencies and value for money”.
The bulk of Dublin bus’s income was made up of a Public Service Obligation (PSO) payment of €303.26m. in his report, chief executive billy Hann, who joined the business last December, has stated: “We are currently carrying an average of 457,000 customers per day, MondayFriday, meaning customer demand is approaching preCovid years.” Gross consultancy costs in 2022 totalled €1.5m that included a €38,000 spend on legal, €25,000 on industrial relations, €192,000 on public relations and marketing along with €1.14m on organisational strategy. numbers employed increased from 3,642 to 3,771. The staff costs included salary costs of €116.12m.
