Opera House losses narrow to €180k

Pre-tax losses narrowed dramatically at the Cork Opera House last year €852,282 to €180,070.

New 2012 accounts show that the two main factors behind the 78% drop in pre-tax losses last year was a cash injection of €314,500 from Cork City Council and the absence of restructuring charges that cost the venue €371,099 in 2011.

The figures filed with the Companies Office to the end of March 31 2012 show that before these items are taken into account, operating losses increased more than 25% to €631,251 in spite of an upsurge in revenues.