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A popular events venue and conference centre in Glasgow is on course to record a steady rise in profits, despite the financial turbulence affecting the UK and the rest of the world.
The Scottish Exhibition and Conference Centre (SECC) reported a 15 per cent increase in turnover in the year up to March this year, making over £16 million, and has seen the demand for concert tickets surge by 150 per cent since the beginning of the year. The SECC has been ranked as most popular in Scotland and fourth biggest-selling event venue in the UK with bands such as The Killers, Take That and Coldplay selling out within 24 hours.
Louise Brady, public affairs manager at the SECC, told the Herald: "Turnover is in line with the previous financial year. Trading profits, before investment and interest, are expected to be up."
The continued healthy performance of the events venue is good news for Glasgow City Council, which owns a stake of 91 per cent.
According to the Evening Times, bands such as Pearl and the Puppets will be performing at the Hinterland festival across Glasgow next spring.