Arsenal have announced pre-tax profits of £35.2 million and a significant reduction in debt for the six months ending November 30, 2009.
The financial half-year results reveal Arsenal Holdings plc's total net debt has been reduced from £332.8 million to £203.6million - a reduction of £129.2 million.
The club also announced significant progress at Highbury Square, where the sale of 261 apartments raised £96.6 million - an increase of £38.2 million on 2008 - with all the proceeds used to pay off the project's debt. The group's property business recorded a pre-tax profit of £9.3 million.
Sunday, February 28, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment