The cash pile at the music firm owned by one of Ireland's best known singer/songwriters, Damien Rice, increased by €200,000 to over €500,000 last year. The cash pile at the music firm owned by one of Ireland's best known singer/songwriters, Damien Rice, increased by €200,000 to over €500,000 last year. New accounts filed by Damien Rice Music Ltd show that the cash pile at the company rose from €303,371 to €503,412 in the 12 months to the end of June last. The amount owed by the firm to Mr Rice also increased last year, from €426,518 to €640,505Damien Rice Music Ltd recorded a profit of €30,186 last year, following profits of €15,689 in 2017. Separate accounts by Rice's Serendipity Touring Ltd show that the cash pile at that firm declined sharply from €985,416 to €80,455 in 2017.

Source: Irish Independent April 05, 2019 01:30 UTC