€7.15m profit for O2 operator

THE operator of the O2 arena in Dublin last year recorded after-tax profits of €7.15 million in the venue’s first full year of operation.

Over one million people went through the doors of the venue in its first full year and the profits by the company that operates the O2, Amphitheatre Ireland Ltd, to the end of December last follows an after-tax losses of €531,672 in 2008 when the venue was open for less than one month.

The former Point Theatre closed in August 2007 to allow renovations be carried out and the €80m 02 venue reopened in December 2008.