Pre-tax profits at the firm that operates Dublin’s 3Arena were halved from £5 million to £2.5m in the 12 months to end of 2014.

The Irish Examiner reports revenues at Live Nation-owned Apollo Leisure Group Ltd decreased by 8% from £16.73m to £15.35m in the period, with an exceptional cost of £1m concerning the write-off of monies due from a connected firm contributing to the dip.

The accounts show that concerts in 2014 attracted an average percentage capacity of 81%, ...