Operating profits at Convention Centre firm increase to €5.4m

Operating profits at the firm that operates the Dublin Convention Centre last year increased nine fold to €5.4m, new figures show.

Accounts just filed with the Companies Office by Spencer Dock Convention Centre Ltd show that the firm recorded the sharp rise in operating profits after revenues increased by 25% from €20.4m to €24.1m in the 12 months to the end of Feb 28, 2013. The firm recorded operating profits of €606,123 in 2011.

The boost in fortunes arose from much larger events being hosted at the centre in 2012 with the centre confirming yesterday there was 340,000 delegate days last year — an increase of 112% on the previous year.