herald

Thursday 19 October 2017

Daniel firm's singing to the tune of €3m profits

Singer Daniel O'Donnell may have been singing the blues after Donegal's loss, but he can console himself with profits topping €3m.

Daniel will be cheered after the devastating All-Ireland loss with new accounts showing that his firm, DOD Promotions Ltd, recorded profits of €215,554 last year.

The O'Donnell entertainment business consistently produces strong profits on the basis of a hectic touring schedule and the profits last year followed the firm recording a profit of €219,000 before exceptional items in 2012.

However, next year's financial performance will not be as strong after 52-year-old O'Donnell announced earlier this year that he was taking an extended break from February 2015 after realising that "life is short".

O'Donnell said that he and his wife Majella had to take stock of things after her cancer diagnosis.

The new accounts filed by O'Donnell's firm show that the company's accumulated profits increased from €2.79m to €3m in the 12 months to the end of October 31, 2013.

RECORDS

A household name in Ireland and the UK for three decades, accounts for O'Donnell's DOD Promotions show that the firm's cash pile last year decreased from €1m to €875,452.

During his lucrative career, the entertainer has sold more than 10 million records and in June 2012, O'Donnell received the Freedom of Donegal in recognition of his contribution to music.

O'Donnell will add to his company's coffers next week when he performs at Norsk Hostfest in North Dakota while he will entertain passengers on a seven-day Caribbean cruise next February but has no confirmed dates until dates at the INEC in Killarney in August 2016.

Away from touring and performing, O'Donnell carries out a lot of community-based work and last Friday in Co Clare the singer performed some of his hits for residents at the Kilmaley Daycare centre.

hnews@herald.ie

Promoted articles

Entertainment News