Opera House records a profit for fifth year-in-a-row

Opera House records a profit for fifth year-in-a-row

CHRISTMAS pantos and summer shows remain key to the success of Cork Opera House.

The venue confirmed that is posted more than a quarter of a million euro in profit for the financial year ending March 2017, with home-productions like the panto and last summer's smash hit Prodijig contributing to the positive returns.

Chairman Damian Wallace presented the annual report and audited statements of the company at the AGM yesterday and reported a profit of €258,859.

The profit was achieved through 297 performances, which saw 198,250 people come through the doors of the landmark city venue.

It is the fifth consecutive year of profit for Cork Opera House 

Mr Wallace said: "Producing our own world class standard of work coupled with attracting the best local, national and international acts has ensured sustained financial success for the business.

"Cork Opera House has become a desired location for many performers, who are seeking out opportunities to take to our stage.

“The influx of hundreds of artists and hundreds of thousands of patrons to our city helps to support local businesses in the surrounding area and contributes to the overall financial well being of the city. Cork Opera House is proud to be contributing to this vibrant cityscape."

CEO Eibhlín Gleeson said homegrown productions were key to maintaining the strength and sustainability of the company.

"Continuing to produce our own work, building on our legacy for high-quality Cork productions, has yielded great results both artistically and financially," she said. 

Ms Gleeson also highlighted what she sees as the most important factor in their success.

"At the heart of everything we do is our audience. We would like to thank our patrons for their continued support which has had a direct impact on our success."


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