Manchester United has announced operating profit of £37.6 million in their latest quarterly results.
The results – covering the last three months of 2016 – show an increase in operating profit of £6 million on the same period in 2015, although the net debt rose by £87.2 million to £409.3 million, which the company blamed on the increased strength of the US dollar following the Brexit referendum.
Turnover was up 18 per cent to £157.9 million, with broadcasting revenues up £15.2 million to £52.5 million and matchday revenues up by £8.2 million to £38.6 million.
“We are pleased to be competing for the first available trophy of the season when we travel to Wembley to face Southampton in the EFL Cup final this month,” said Ed Woodward, United’s executive vice chairman. “The robustness of our business model continues to be reflected in our strong quarterly financial results and we remain on track to deliver record revenues for the year.
“Finally, I’d like to congratulate Wayne Rooney on becoming Manchester United’s all-time record goal scorer – achieving the remarkable feat of scoring 250 goals over the last 13 seasons, surpassing Sir Bobby Charlton’s record which has stood for 44 years.”
United are currently enjoying a 15-match unbeaten streak in the Premier League and sit sixth in the table.
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