Parramatta reports a profit of 3.025m for 2021
A strong financial result was delivered by the Group. Consolidated Group Net Profit increased by 42% to $3.0m.
| Item | 2021 | 2020 | inc/Dec |
| Revenue | 68.44 | 67.121 | 1.97% |
| Profit | 3.025 | 2.122 | 42.55% |
| NRl Distro | 14.004 | 13.788 | 1.57% |
| Poker Machines | 35.074 | 38.753 | -9.49% |
| Sponsorship | 7.969 | 5.076 | 56.99% |
| Gate | 4.891 | 2.719 | 79.88% |
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
