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Business is good: Profits at Hozier firm top €3.7m after album release

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Hit maker: Hozier embarked on a tour last year after the release of his album Wasteland Baby! Photo: Carrie Davenport/Redferns via Getty Images

Hit maker: Hozier embarked on a tour last year after the release of his album Wasteland Baby! Photo: Carrie Davenport/Redferns via Getty Images

Hit maker: Hozier embarked on a tour last year after the release of his album Wasteland Baby! Photo: Carrie Davenport/Redferns via Getty Images

Accumulated profits at the main Irish-based entertainment firm owned by singer-songwriter Hozier last year increased to just over €3.7m.

New accounts filed by Hozier's Haskey Ltd show that the artist tripled his pay from Haskey on the back of the success of his chart-topping Wasteland Baby!

The album was released in March of last year and debuted at number one on both sides of the Atlantic Ocean.

The figures show that payment to the Irish artist, including pension payments, last year increased by 216pc from €142,337 to €449,347. The pay was made up of remuneration of €339,347 and pension payments of €100,000, compared to remuneration of €142,337 and zero pension payments for 2018.

The cash funds at the company last year increased from €2.1m to €2.22m and the value of the firm's financial assets increased by €277,247 from €971,647 to €1.248m.

The hike in pay for Hozier contributed to a 73pc decrease in after-tax profits for the 12 months to the end of December 2019, to €21,289.

The profits last year are a small fraction of the profits of €654,865 in 2017, following profits of €1.12m in 2016 and €1.38m in 2015.

Wasteland Baby! was Hozier's second studio album and was generally well received by fans and critics.

Hozier toured extensively in the United States and Europe promoting the album.

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