Macnas back in profit after success overseas
One of Ireland's best known performance companies, Macnas, has returned to profit.
New figures show that Macnas doubled its performance revenues to more than €205,000.
This resulted in the group - best known for its colourful and theatrical parades - enjoying a profit of €67,258 for the 15 months to the end of March last year. It followed a loss of €35,113 in the prior 12 months.
Overall revenues rose by 50pc to €616,644. The major contributor to the revenue jump was a rise in performance fees from €93,173 to €205,025, coinciding with Macnas performing in Beijing and at St Patrick's Day celebrations in Moscow.
Macnas received grants of €306,250 from the Arts Council; €34,000 from Galway City Council and €51,601 from Culture Ireland.