BRONCOS IN GOOD FINANCIAL STEAD
20 July 2015, Written by Paris Faint
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