West End producer Cameron Mackintosh reports profits dip due to cost increases Musical theatre company, which runs eight venues in London, said healthy boost in revenues was offset.
The producer of hit West End shows including Hamilton, Mary Poppins and Les Misérables saw profits dip last year as cost increases more than offset a boost in revenues.
Mackintosh, 78, who started out as a stagehand in the West End, has amassed an estimated £1.25bn fortune spinning a hugely-successful producing career into a musical theatre empire.
“All key titles owned by the company are proving to be more in demand than ever and many productions are planned for the next few years,” the company said in filings submitted to Companies House.
The business credited the performance of productions including Les Misérables, Mary Poppins, Hamilton, Phantom of the Opera and Miss Saigon in the UK and overseas markets.
