Belfast Telegraph

Wednesday 30 July 2014

Daniel O'Donnell nets £3.9m in three years

Daniel O' Donnell

Daniel O'Donnell is singing all the way to the bank as new company accounts show the entertainer's main firm has almost doubled its accumulated profits to €5m (£3.9m) in three years.

The Donegal singer has enjoyed a lucrative career which has seen him sell 10 million records.

The recently filed returns by the 50-year-old's main entertainment firm, DOD Promotions, show accumulated profits have risen by two thirds over the period as they climbed from €2.9m (£2.2m) in 2009 to €4.98m (£3.9m) by last October.

His profits for 2011 amounted to €307,000 (£242,000), €459,538 (£362,000) in 2010 and €1.2m (£946,000) in 2009.

The firm's cash pile — money that the singer can dip into at any time like savings — rose to €666,632 (£525,000) last year.

The figures show that DOD Promotions received €429,277 (£338,000) from his own touring company Brockwell last year and was due an additional €1m (£788,000) at year end.

They disclose the firm paid €127,369 (£100,000) corporation tax.

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