It looks like Jedward may be losing some of their X Factor as their company Planet Jedward has been forced to take a massive pay cut.
New figures have revealed that the company owned by the Lucan twins took a nose dive last year.
The twins were forced to take a 33 per cent pay cut with the new accounts showing that John and Edward paid themselves €66,482 last year – or €33,241 each.
It represents a one-third pay cut on the €100,331 the twins shared in 2013.
Trouble: Profits have dropped at Jedward’s firm | VIPIRELAND.COM
The accounts show that accumulated profits at Planet Jedward Ltd dropped from 132,182 or 68% going from €194,596 to €64,414.
Meanwhile, the firm’s cash pile also went down during the same period from €88,277 or 79% going from €110,775 to €22,498.
The firm’s performance continues a trend from 2013 when the company’s profits dropped by €480,245 from €591,020 to €110,775.
However, it’s not all bad news for Jedward as the pair took to Twitter yesterday to reveal how excited they are by the new direction their music is taking.
So Happy and Excited With How Our Songwriting and Music Direction Has Progressed Cant Wait To Showcase The Love All Over The World
— JEDWARD (@planetjedward) November 4, 2015
