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Singer Dermot Kennedy’s company makes record profits in 2022

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Cash funds at the business last year increased from €911,473 to €1.679m via IrishTimesBiz

Best known for hit songs such as Giants, Paradise, Better Days and Outnumbered, Kennedy last year made up for lost stage time during Covid with a slew of dates across Australia, the US, the UK, Europe and Ireland.

2023 promises to be even more lucrative for the 31-year-old Dubliner with the managing director of MCD Productions Denis Desmond saying earlier this year that Dermot Kennedy will play to 155,000 people this Summer over five shows with three taking place at Thomond Park in Limerick and two shows at Marlay Park in Dublin.The cash funds at the business last year increased from €911,473 to €1.679 million while the amount owed to the firm by debtors increased from €589,304 to €2.675 million.

The profit for last year takes account of non-cash depreciation costs of €27,771 and a profit of €77,115 made on foreign currencies.

 

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