Arsenal Holdings reports rise in half-year turnover

14th Feb 2014 15:02

Arsenal Holdings reported a 28 per cent rise in half-year football turnover to 135.9m, driven by growth in broadcast income.Broadcasting income came to £52m in the six months through November 2013, up from £10.1m a year earlier, mainly as a result of the Premier League's new contracts with Sky and BT. Match day income increased to £45m from £37.8m with the Emirates Cup returning to the pre-season schedule and the UEFA Champion League qualifying round providing an additional home game.Commercial and retail revenues rose to £38.4m from £27.7m, boosted by the extended partnership arrangements with Emirates.Profit on sale of player registrations, however, dropped to £6.1m from £42.5m. As a result the company reported a loss before tax to £2.2m, compared to a profit of £17.8mOverall operating profits from football jumped to £22.2m from £4.4m. "This clearly demonstrates the significant positive impact which is derived from the combination of the new broadcasting contracts and our own commercial growth," said Chairman Chips Keswick.RD