Port Adelaide will announce its third profit in a row

PORT Adelaide will declare a profit for the third year in a row. Find out how much they earned here.

Port Adelaide chairman David Koch at the Adelaide Oval. Picture: Kelly Barnes

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PORT Adelaide will declare a profit for the third year in a row at next month’s annual general meeting.

The bottom line will show a statutory profit of $28,611 but the operating surplus — before amortisation and depreciation — came in at $999,464.

Total revenue rose by 10 per cent from the previous financial year.

Chairman David Koch said it had allowed the club to invest more in the football department as it chases another spot in the finals.

“I reflect back on 2017 with a great deal of pride in everything we achieved right across the club and I’m absolutely excited by what the future holds for Port Adelaide,” Koch said. “While some areas of our core business were flat on the back of initial uncertainty around on-field performance, the significant uplift in revenue was driven by our ambitious China strategy, which saw the successful execution of the game against Gold Coast at Jiangwan Stadium on May 14. The club will return to China in Round 9 on May 19.

“This growth in revenue allowed the club to ensure it had a fully resourced football program which delivered a return to finals football for the first time since 2014 and was invested into initiatives that will continue to grow the size and scope of our international operations for many years to come.”