BRONCOS IN GOOD FINANCIAL STEAD

BRONCOS IN GOOD FINANCIAL STEAD

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.

Business News Australia

Australia's business news.
Free. Always.

Join thousands of founders, investors and executives
who read Business News Australia every morning.

Free Access

You're on a roll.
Keep reading — it's free.

Create a free account to keep reading
Business News Australia. No restrictions, ever.

of articles read

You've read articles.
The rest are free too.

Create a free account to keep reading
Business News Australia. No restrictions, ever.

Join Free

No paid subscriptions, just free. Unsubscribe anytime.

The financial case for knockdown rebuild on established Australian land
Partner Content
For most Australian homeowners, the house gets the attention and the land gets taken fo...
Ventures & Visionaries
Advertisement

More News