Slashing costs helps Abbey record €700,000 in profits

The Abbey Theatre last year swung back into strong profit after slashing costs by €2m.

New figures show that the theatre recorded a profit last year of €718,130 following a loss of €1.4m in 2012 — a positive swing of €2.12m.

The Abbey at the start of this year was budgeting to record a modest €42,000 loss for 2014.