Hozier's touring success nets him €1.12m
Published 28/09/2016 | 02:30
Profits at a touring company owned by singer Hozier this year topped €1.12m, new figures show.
According to accounts filed by Hozier's Darkstown Ltd, the firm enjoyed the bumper 19 months after exhaustive touring by the Co Wicklow native.
The profits of €1.12m in the 19 months between December 2014 and July 31 of this year is in addition to the profits of €1.77m recorded by Hozier's sister firm, Haskey Ltd, last year.
The accounts for Darkstown show that the buoyant year enjoyed by the firm last year resulted in its cash pile increasing more than four fold going from €175,254 to €808,223.
The Grammy nominee - whose full name is Andrew Hozier-Byrne - released his debut studio album 'Hozier' only in September 2014 followed by the global release of the album in October 2014.
The album release followed the earlier release of his second EP 'From Eden' in 2014 and new accounts show that Darkstown last year repaid an entire loan of €815,860 to a promoter and €357,278 to a connected firm.
The profit of €1.12m at Darkstown last year resulted in the firm's accumulated loss of €863,962 becoming an accumulated profit of €257,592 at the end of July.
The accounts also show that the firm received a directors' loan of €368,434 during the year - Hozier sits on the board of the firm with Lorraine Byrne.
The accounts tell the story of only a fraction of Hozier's growing wealth as the figures relates to the firm's touring revenues and exclude revenues from music sales.
Exhaustive touring over the past one and a half years has made Hozier a major star in the US and beyond. In a recent interview, Hozier admitted that he had been living out of a suitcase for the past 18 months and was looking forward to a break to work on his next album.
The 26-year-old dropped out of Trinity College Dublin (TCD) to pursue his dream in the music business and the accounts show it has been a lucrative success.