Friday 20 October 2017

Profits at singer Daniel O'Donnell firm fall slightly

Daniel O’Donnell will follow his Canadian tour with more dates in the US and UK. Photo: BBC
Daniel O’Donnell will follow his Canadian tour with more dates in the US and UK. Photo: BBC

Gordon Deegan

Accumulated profits at the entertainment firm owned by Donegal crooner, Daniel O'Donnell last year topped €2.73 million.

New accounts lodged by the singer to the Companies Office show that 'Wee Daniel's' DOD Promotions Ltd's cash pile last year soared from €652,994 to €1.096m.

Daniel sits on the board with his wife, Majella O'Donnell and Patricia Swan.

The accounts for the year to the end of October last show that remuneration, including pension payments, to directors soared going from €120,000 to €275,000.

The sharp rise is accounted for pension payments of €180,000 last year following no payments under that heading in 2015.

The amount paid out in wages to the directors decreased from €120,000 to €95,000.

The accumulated profits during the year slipped by €123,343 from €2.86m to €2.73m.

The company's assets include financial assets valued at €500,000.

A household name in Ireland and the UK for more than three decades, the singer has been busy in recent weeks adding to his coffers with an extensive tour of Canada.

The 55-year-old will follow this with dates in the US and the UK.

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