£3.29m dividend for music promoter Desmond

Concert promoter Denis Desmond has added to his fortune by sharing a dividend totalling £3.29m (€4.1m) from his Festival Republic business last year.

£3.29m dividend for music promoter Desmond
Thu, 26 Jun, 2014 - 01:00
Gordon Deegan

Last year, the UK-based Festival Republic staged the sold out Electric Picnic at Stradbally, Co Laois, and new figures for Festival Republic Ltd just lodged with Companies House show that the company recorded a 22% increase in pre-tax profits last year to £6.15m.

This followed revenues increasing by 2.6% from £41.42m to £42.52m in the 12 months to the end of December last.

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CourtsPlace: UKPlace: Stradbally, Co LaoisPlace: USPlace: GlastonburyPlace: IrelandPerson: DesmondPerson: Denis DesmondPerson: Kanye WestPerson: Melvin BennPerson: John ReynoldsPerson: ReynoldsEvent: Electric PicnicEvent: CoachellaEvent: Electric Picnic 2014Organisation: FestivalOrganisation: Festival Republic LtdOrganisation: Gaiety InvestmentsOrganisation: Festival RepublicOrganisation: Live NationOrganisation: MCD ProductionsOrganisation: Festival Republic Ltd.Organisation: POD Music OrganisationOrganisation: Electric PicnicOrganisation: POD MusicOrganisation: Festival Republic Dublin
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