BRONCOS IN GOOD FINANCIAL STEAD

Written on the 20 July 2015 by Paris Faint

BRONCOS IN GOOD FINANCIAL STEAD

NOT only are the Brisbane Broncos (ASX: BBL) sitting atop the NRL ladder with final games on the horizon, today the company also reported winning prospects for their first half-year profit margin.

Chairman Dennis Watt has announced an anticipated spike of more than $200,000 from the previous corresponding result of $2,262, 453.

For the current period ending 30 June 2015, the estimated total before tax profit for this period is expected to reach $2,494,000.

According to Broncos officials, this improvement is due to an absence of the extra restructuring and one-off consultancy costs which encumbered results for the previous corresponding financial half-year.

Assuming the rest of the season runs smoothly with regards to attendance levels, player health and appearances in the finals, the Broncos will remain in good financial stead for the year's remainder.

Following the last five home games and player salary payouts, the profits turned for 2015 will match a business-as-usual take.


Author: Paris Faint

Latest News

STAFF CHURN BLAMED FOR MCGRATH EARNINGS DOWNGRADE

MCGRATH will fail to meet earnings forecasts after some of its star real estate agents defected to growing Perth firm...

MCBAIN RESIGNS AS BELLAMY'S DIRECTOR WHILE THIRD CLASS ACTION MOVES CLOSER TO SECURING FUNDING

LAURA McBain (pictured) has resigned as a director of Bellamy's Organic (ASX: BAL) today, effective immediatel...

REDBUBBLE TO MISS IPO FORECASTS

REDBUBBLE, the online marketplace for independent artists, will miss a series of forecasts set out in its IPO in its ...

BLUESCOPE CONTINUES STRONG RUN WITH GUIDANCE UPGRADE

BLUESCOPE Steel (ASX: BSL) is trading up 7.51 per cent at $11.16 per share after upgrading its half-year guidance thi...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter