Profit of €6.2m for U2’s record group

THE record company behind U2 saw its Irish pre-tax profits increase from €4.6 million to €6.2m last year.

Turnover, however, fell slightly from €21.1m to €19.4m, which the company said was due to the worsening economic conditions, particularly towards the end of the year.

The company, Universal Music Ireland, is a subsidiary of the Universal Music Group, which is based in New York but is itself part of the French Vivendi group.