Cork Opera House moves into the black despite decline in turnover

THE Cork Opera House moved into the black in 2007 despite lower turnover, according to newly filed accounts.

The opera house made a pre-tax profit of €16,818 in the 12 months to end March 2007, compared to a loss of €340,149 in the previous financial period.

The move into profitability at pre-tax level came as the opera house received a €250,000 grant from the Arts Council during the year. At operating level, losses more than halved to €222,817 from €473,347 in 2006.