Riverdance company’s profits fall by €500,000

THE holding company for Riverdance saw profits fall by more than €500,000 last year.

Abhann Productions – the theatrical production company established by Riverdance co-founders Moya Doherty and John McColgan – generated a pre-tax profit of €249,315 in 2009, according to accounts just filed with the Companies Office.

That profit figure was down from €783,983 the previous year. The profit made in 2008 was itself a significant turnaround for the company, which had made a pre-tax loss of €1 million in 2007.