Broncos profits fall, assets rise

John StensholtFormer Rich Editor

Updated Mar 31, 2014 – 4.58am, first published at 4.54am

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The net assets of the Australian Securities Exchange-listed Brisbane Broncos has increased to slightly less than $30 million, according to the NRL club’s annual report lodged last week.

That figure compares with $26.6 million in the previous year. One of the biggest sources for the rise was an increase in cash from $16.1 million in 2012 to almost $16.5 million in 2013.

John Stensholt is a former editor of the BRW Rich 200 and Young Rich Lists.