Saddlers announce trading profit
Last Updated: October 4, 2012 12:14pm
Banks's Stadium: Walsall in the black
Walsall have announced a trading profit of £10,000 for the year ending May 31 2012.
Amid a struggling economy and surrounded by other financially-stricken clubs, the Saddlers have managed to balance the books effectively and increased their trading profit by £1,000 upon last year.
The annual report showed a decrease in turnover from £5,383,000 in 2011 to £5,049,000 in 2012 but a similar cut in net operating costs by the margin of £335,000 resulted in the end profit.
Chief executive Stefan Gamble said in a club statement: "As football continues to attract negative headlines with a number of high-profile administrations again this year we are pleased to report that we have been able to buck the trend once more by announcing that we have achieved a trading profit of £10,000.
"I believe this represents a considerable achievement in what continues to be a very difficult financial climate and reconfirms our promise to reinvest all profits into the playing side of the business."