Milford Haven Port sees rise in profits 'for fifth year running'

Milford Haven Port
Cargo ships near the port's south jetty Credit: Milford Haven Port Authority/ITV News Wales

Milford Haven Port, which handles around 20 per cent of the UK’s fuel requirements, reported a pre-tax profit of £8.1m on a turnover of £29.5m in 2011, up from £7.1m on a turnover of £27.8m in 2010.

A spokeman for the port said the results were partly attributed to 'increased fuel demand' last winter.

They added that results are expected to be less encouraging for the year ahead, due to a fall in the amount of gas being handled there, as well as the need to invest more into pension funds.