Profits at record company of U2 and Ronan Keating plunge to €2.5m

THE record company behind U2 and Ronan Keating saw its Irish pre-tax profits plunge from €6.2 million to €2.5m last year.

According to accounts filed for Universal Music Ireland, dividends of €4.7m were paid in 2009, up from €4.2m in the previous year.

Mark Crossingham and Cathy O’Loughlin are listed as directors in the accounts.