Daniel O'Donnell nets £3.9m in three years
Published 23/08/2012 | 07:15
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.