Cork Opera House losses triple

Restructuring costs totalling €371,099 contributed to losses at Cork Opera House almost tripling last year to €825,282, new figures show.

According to accounts just filed with the Companies Office, revenues at Cork Opera House plc decreased by 21% from €4.88m to €3.84m in the 12 months to the end of Mar 31, last.

The chief factor behind the drop in revenues was the venue’s decision to close for three months in summer 2010 “to stem operating losses during what is traditionally a quiet period”.