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Carlton announces $2.4M operating profit

December 20, 2017 9:27 AM

Carlton IN Business | 2018 Carlton is proud to launch it's Carlton IN Business program for 2018.

CARLTON Football Club is pleased to announce an operating profit of $2.4 million before depreciation and amortisation, with a final statutory profit of $678,580 for the year ending 31 October, 2017.

President Mark LoGiudice said, “This represents an improvement in financial performance, with 2017 being a year of significant growth and achievement across the entire Club. 

A tremendous amount of work in 2017 resulted in an increase in consumer and corporate revenue, game-day attendances and TV audiences.

“We were pleased to confirm the extension of Hyundai and Virgin Australia for a further five years as Co Major Partners”.

The Club continued to invest additional resources into the football programs including the areas of high performance, development, coaching and football technology. Furthermore, the Club committed and commenced the resurface of Ikon Park as part of the ongoing investment to provide elite training facilities for its AFL and AFLW teams. 

Membership exceeded 50,000 for the third consecutive year in Carlton’s history as the Club continues to put our members first in everything that we do.

“We would like to extend our sincere thanks to our members who signed up and made the commitment to support the Club in 2017. We look forward to another year of growth and improvement in 2018”, LoGiudice said.

Carlton’s Annual General Meeting (AGM) for 2017 will be held on 26 February at Ikon Park.