A strong financial result was delivered by the Group. Consolidated Group Net Profit increased by 42% to $3.0m.
The licensed Clubs profit increased from $0.8m in 2020 to $2.0m in 2021, despite the 106-day closure of both licensed Clubs during 2021.
Total Members Funds increased from $71.8m to $74.8m.
Pleasingly, during the financial year we were able to repay in full the $4.5m in taxes deferred from the previous year COVID shut-down period. Additionally, our debt levels were reduced by $4.3m down to $21.8m. The Group remains in a strong cash position to support our future plans.
Paramatta have reported a profit of 3.025m for 2021 on revenue of 68.44m (+1.97%).
Gaming revenues dropped 9%, while Sponsorship was up 57% to 7.9m, and gate revenues were up 80% to 4.891mhttps://t.co/hREbXwDLUS
— sportsindustry (@footyindustryAU) May 6, 2022