It follows an insurance payout of more than €3.6 million.
The organisers of Electric Picnic enjoyed a multi-million euro profit in 2020 - despite the festival being cancelled.
The Irish Times reports that EP Republic made a profit of nearly €2.4 million.
It follows an insurance payout on the cancelled event of more than €3.6 million.
The year's profit was up 50 per cent on 2019, when the Laois festival was last staged and generated €17 million for the company.
EP returns to Stradbally from 2nd to 4th September.
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