Accumulated profits at the entertainment firm owned by Daniel O’Donnell last year jumped by almost €690,000 to €4.33 million.
New accounts lodged to the Companies Office show that the Donegal singer’s DOD Promotions Ltd enjoyed a buoyant year in the 12 months to the end of October last, when accumulated profits at the company increased from €3.64 million to €4.33 million.
The profits of €688,674 is a marginal increase on the profits of €659,569 recorded in the prior year.
The year under review covers the first eight months of the Covid-19 pandemic here.
The value of the firm’s current assets, made up of cash and debtors, increased €1.39 million to €1.74 million. The value of the firm’s fixed assets increased during the period from €2.3 million to €2.6 million.
The company generates the greatest bulk of its income from live performance and the 59 year-old – like every other live performer – has seen his live income impacted since March of last year due to Covid-19 restrictions.
However, that did not stop the singer delighting cocooning residents of care homes in Co Donegal with a series of open-air, surprise – and free – performances during the lockdown.
With the vaccination programme advancing, Mr O’Donnell is now busy preparing for a series of UK dates in the autumn. He has also has pencilled in dates for the US in November and December.
He was forced to cancel a planned tour of Australia and New Zealand due to the pandemic and those dates are to be re-scheduled for 2022.
The abridged accounts for DOD Promotions do not provide a profit and loss account that would include a turnover figure, or what dividend, if any, was paid to Mr O’Donnell. During his lucrative career spanning over four decades, Mr O’Donnell has sold more than 10 million records.
