Belfast Telegraph

Daniel O'Donnell nets £3.9m in three years

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.

Belfast Telegraph

Daily News Headlines Newsletter

Today's news headlines, directly to your inbox.

Popular

From Belfast Telegraph