Profits at Daniel O’Donnell’s entertainment firm jump to €4.33m

Donegal singer is busy preparing for a series of UK dates in the autumn

Daniel O’Donnell 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. Photograph: Dave Meehan
Daniel O’Donnell 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. Photograph: Dave Meehan

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.

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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.

Gordon Deegan

Gordon Deegan

Gordon Deegan is a contributor to The Irish Times