Pre-tax profits at Brendan O’Carroll’s movie firm last year rocketed more than threefold to €578,886.
The massive leap in profits for O’Carroll’s Boc Pix Ltd coincided with the release last year of his Irish blockbuster movie, Mrs Brown’s Boys: D’ Movie.
The film about the foul- mouthed mammy was the top-grossing Irish movie of 2014, taking in €3.8m at the box office. In its opening weekend alone, in the UK and Ireland it took in £4.3m (€6m). The movie’s total box office gross in the UK and Ireland was £14.7m (€20.5m).
The earnings from the film didn’t stop there, with the CEO of Xtra-Vision, Larry Howard, declaring last November that Mrs Brown’s Boys D’ Movie DVD had become the fastest-selling DVD in the company’s history.
Newly-filed accounts for O’Carroll’s firm show that pre-tax profits in the 12 months to the end of August last year soared by €422,808 or 270% from €156,077 to €578,886. The figures show that after paying corporation tax of €72,361, the firm recorded a post-tax profit of €506,525.
The firm’s cash pile also enjoyed a big jump, going up by €266,518 from €1.044m to €1.31m.
The firm’s 2013 accounts have also been re-filed with the Companies Office, showing that the profits originally recorded were over-stated by more than €1m.
At the end of last August, the firm’s accumulated profits stood at €798,540.
The accounts don’t disclose the firm’s revenues for the year but do state that the company’s cost of sales topped €2m, with distribution costs totalling €156,240 and administrative expenses amounting to €175,347.
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