December 16, 2016
Port Adelaide announce 2016 profit of $14,840
Port Adelaide chairman David Koch today announced the club has recorded an operating profit in consecutive years for the first time in almost a decade. The 2016 profit of $14,840 after depreciation represents a strong financial performance in a challenging on field year, and while it was down on the previous year’s result of $211,302,…
Sydney Swans Limited report a 2016 net profit of $53,224
Sydney Swans Limited has reported a net profit of $53,224 for the year ending 31 October 2016 – profit before depreciation was almost $800,000. Net assets were $2,085,819. The result comes after substantial compensation payments to ANZ Stadium to bring all home games back to the SCG one year earlier than contracted, along with reduced…