Carlton announced an operating profit of $742,000 for the year ended 31 October 2011.
“This is the fifth year in a row we have announced an operating profit and this year it comes after funding a $1.4 million increase in football department spending. The optimistic outlook that many have spoken about on the field is certainly reflected by these figures and the increasing support for the Club,” said Carlton CEO Greg Swann.
Total turnover to the end of October 2011 was $40 million, an increase of 14.3%.
“Importantly cash from operating activities during 2011 was $2.3 million and this is a very positive sign for the Carlton Football Club,” Swann added.
The operating cash result enabled Carlton to reduce debt by $700,000 during the year.
“This is in line with our strategic plan to ensure a healthy balance sheet, along with sustainable surpluses to enable the freedom to invest in the Club’s Football Department, facilities, programs, people and engagement,” Swann said.
Carlton set a new membership record of 44,136 in 2011, an increase of 9% on 2010 while gate receipts increased by 7.6% on the 49% growth achieved the previous year.
“Carlton fans have provided outstanding support during 2011 with the record membership as well as record merchandise sales of $1.9 million. In addition we enjoyed outstanding television ratings from our games in 2011 and this is important for our supporters and key sponsors.
“The results confirm the members and supporters are pleased with the direction the club is heading and, just like on the field, have set a real challenge to ensure we continue to grow in 2012. We are determined to work even closer with our supporters to ensure the Carlton Football Club is even more successful in future years,” Swann said.
The 147th Annual General Meeting of the Carlton Football Club will be held in the Yarra Room at the MCG on Wednesday December 14, at 6:00pm. All registered Members of the Club are welcome to attend the 2011 Annual General Meeting.
Click here to view the 2011 Financial Report.
