Olympian's firm boxes clever to land €378k profit
THE golden girl of Irish sport has scored a knock-out on the financial front, with profits at her company soaring – even before she took the gold medal at last year's London Olympics.
KT Sports – a company of which Katie Taylor is a director along with her mother Bridget – posted a €378,000 profit in the 12 months to the end of June last year, newly filed accounts at the Companies Office reveal.
That's up from the €84,300 profit it made the previous year.
The accounts also show that KT Sports had accumulated profits of €462,000 at the end of June last year. It also had €206,000 in cash at the bank and was owed €270,000.
The champion boxer, pictured, who is 27 next month, won gold last August, just over a month after the financial year end for her firm.
That means that lucrative sponsorship deals she secured since the win haven't yet filtered on to the company books.
The profit figure in the current year is almost certain to be higher.
She already had deals with brands such as Audi, Lucozade and Adidas to promote their products, but the Olympic win catapulted her into the sponsorship stratosphere.
It's been previously speculated that she could be in line to reap as much as €6m from sponsorship, endorsements and public appearances over the next few years.
She's just renewed a sponsorship deal with Toyota that will last until 2016. She's had a contract with the car-maker since 2010.
Recent adverts have shown her promoting its Rav4 vehicle.
The boxer is the sole shareholder of KT Sports, which was founded in 2009, three years after she won her first gold in the European amateur championships in Poland.
The first set of available accounts for the firm, which cover the period from April 2009 to June 2010, show that it made a profit of just €678 that year.