"National Ploughing Association of Ireland (NPAI) assistant managing director Anna Marie McHugh confirmed the €5 ticket price increase as new accounts show the National Ploughing Association of Ireland recorded post-tax losses of €150,926 in the 12 months to the end of January 2025. The price increase will result in an adult price of €30 for tickets bought in advance while adult tickets at the gate will be €35."
""The costs of running the event exceed the profits - that's just the reality of things," said Ms McHugh. "Fortunately we are a non-profit association and we have been doing OK on our investments so one is balancing out the other," she said. "But I would be concerned about the events industry if costs keep escalating at the rate they have been since Covid.""
The National Ploughing Association of Ireland recorded a post-tax loss of €150,926 in the 12 months to the end of January 2025. Revenues fell 3% from €6.14m to €5.961m while costs totalled €6.679m, producing an operational loss of €718,000. Gains on investments (€418,632) and €234,657 profit on disposal reduced losses to €64,443 before a corporation tax charge of €86,483. An advance adult ticket will cost €30 and gate price €35 after a €5 increase. Attendance was 225,000, down 8% from 244,000. Accumulated funds stood at €11.78m; cash fell from €3.3m to €1.76m and financial assets rose to €9.7m. Numbers employed decreased.
Read at Irish Independent
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