Kylie and Dua Lipa sales contribute to Warner Music Ireland profit surge

Directors state that they believe that the company will continue to increase revenues

Kylie Minogue is signed to Warner Music. Revenues at the label's Irish arm increased by 8% to €16.14m. Picture: James Manning/PA

Music sales by Ed Sheeran, Dua Lipa, Kylie, and Coldplay last year contributed to pre-tax profits increasing by 62% to €2.69m at the Irish arm of music giant, Warner Music.

New accounts filed by Warner Music Ireland Ltd show that revenues from music streaming and physical sales increased during the year.