| 16.4°C Dublin

Profit for concert firm

CONCERT promoters MCD Productions returned to profit last year after the number of tickets sold rose 8pc to 1.54 million.

MCD boss Denis Desmond confirmed the turnaround last year after recording a loss in 2010.

US-based trade journal Pollstar rates MCD as the 10th largest promoter in the world last year in terms of tickets sold.

"We are very happy to be up there. It is a lot of tickets sold. Irish people love their music and their concerts," Mr Desmond said.