Riverdance losses fall €5.5m to €1m

THE company that produces the Riverdance stage show saw its losses drop by more than €5.5 million in 2007.

Newly filed accounts for Abhann Productions show pre-tax losses in the year to the end of June 2007 of e1m compared with a loss of €6.6m in the previous year.

Turnover for the year to end of June 2007 fell from €24m to e15.7m while gross profit dropped from €7.2m to €3.8m.