Tuesday 24 October 2017

Profits grow at McWilliams' media firm

David McWilliams
David McWilliams

Gordon Deegan

THE media firm owned by one of Ireland's best-known economists, David McWilliams, last year increased its accumulated profits to €609,778.

A chronicler of Ireland's boom and bust, Mr McWilliams is a regular voice on TV and radio shows and new figures for his Iconic Media Ltd show that it marginally increased its accumulated profits in the 12 months to the end of March last year.

The firm's financial assets totalled €1.21m at the end of its financial year.

The slight increase in profit last year follows a higher jump in accumulated profits in the 2012 fiscal year at the firm, where they increased by €211,031.

The 2013 figures show that the firm owed €61,924 in corporation tax at the end of last March.

Mr McWilliams generates his income from his writings, including regular columns at two national newspapers, including the Irish Independent, and speaking engagements around the world.

Iconic Media Ltd was incorporated in 1999 and Mr McWilliams' wife, Sian Smyth, also serves as a director.

A graduate of Trinity College and a former employee at the Central Bank, where he worked as an economist, Mr McWilliams first came to wide public notice concerning his repeated warnings over the country's growing housing bubble.

Mr McWilliams (right) could not be reached for comment yesterday.

Irish Independent

Also in Business