Point Theatre had losses of €3.6m

The Point Theatre went into the red last year, with a €3.6 million operating loss as it closed for its transformation into the O2.

18th October, 2008

The Point Theatre went into the red last year, with a €3.6 million operating loss as it closed for its transformation into the O2.

The Dublin venue shut its doors in August last year for the €80 million redevelopment, leading to a €1 million fall-off in revenues to €7.7 million for 2007. At the same time, costs rose significantly, including an exceptional charge of €2.2 million to cover staff redundancies.

Owned by businessman Harry Crosbie and...

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