T in the Park organiser slips into red
THE promoter of Scotland's largest music festival has plunged into the red after making a "significant" investment in establishing the Hydro Connect Festival in Inveraray.
DF Concerts, which is behind T in the Park, reported pre-tax losses of almost 1.1 million in the year to the end of March, compared with profits of 21,267 the previous year.
Geoff Ellis, managing director of DF, said: "The outlay to establish Connect was significant, but there were other costs, including investment in out infrastructure and a new accounting system."
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Thursday 16 February 2012
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