Welcome return to winning form for European Rugby Cup as profits rise

EUROPEAN RUGBY Cup (ERC), the Dublin-based company that manages the Heineken Cup returned to profitability last year.

Newly filed accounts for the company show a profit of almost €540,000 in the 12 months to the end of June 2007. In the previous financial year the company broke even and in 2005 it made a loss of €538,408.

The turnaround in ERC’s fortunes was due to a 40% rise in its income from €26.4 million to €36.9m.