Riverdance group’s profits increase fivefold

A 50% increase in its US revenues contributed to pre-tax profits at the group that produces Riverdance increasing fivefold to €1.39m in 2010.

According to accounts just filed by Abhann Productions Ltd and subsidiaries, they show that revenues increased by 33% from €21.2m to €28.3m in the 12 months to the end of Dec 2010.

The pre-tax profit in 2010 of €1.39m follows a pre-tax profit of €249,315 in 2009.