Profit and Loss: Denis Desmond, Pat Kenny, the Farmers Journal & Pamela Scott
The ups and downs of Ireland's small and medium sized companies this week
The company saw its operating profit, however, fall by slightly more than 5 per cent from £4.9 million to £4.7 million.
Desmond owns owns 26 per cent of Academy Music through LN Gaiety Holdings, his joint venture with Nation.
The company’s administrative expenses rose from £29.7 million to £36.9 million, while it’s wage bill rose from £7.8 million to £9.4 million as its staff numbers grew from 346 to 387.
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