Profits at Brown Bag Films hit by €3.64m exceptional cost as revenues  rise to €58.96m

Brown Bag is celebrating its 29th year in business and continues to flourish with a number of new shows debuting in the past year including Cartoonito’s 'Lu & the Bally Bunch' and 'Eva the Owlet' for Apple+

Children's program 'Eva the Owlet', which is made by Brown Bag Films for Apple+.

Pre-tax profits at the business that operates multi-award winning animation studio, Brown Bag Films last year more than halved to €2.42m.

The 58.5% decrease in pre-tax profits from €5.85m to €2.42m arises from Niagara Films Ireland Ltd incurring an exceptional one-off write down of €3.64m concerning the spend incurred on the distribution of one of the studio's TV programmes.