LONDON (ShareCast) - Arsenal Holdings reported a 28 per cent rise in half-year football turnover to 135.9m, driven by growth in broadcast income.

Broadcasting income came to £52m in the six months through November 2013, up from £10.1m a year earlier, mainly as a result of the Premier League's new contracts with Sky and BT.

Match day income increased to £45m from £37.8m with the Emirates Cup returning to the pre-season schedule and the UEFA Champion League qualifying round providing an additional home game.

Commercial and retail revenues rose to £38.4m from £27.7m, boosted by the extended partnership arrangements with Emirates.

Profit on sale of player registrations, however, dropped to £6.1m from
£42.5m.

As a result the company reported a loss before tax to £2.2m, compared to a profit of £17.8m

Overall operating profits from football jumped to £22.2m from £4.4m.
“This clearly demonstrates the significant positive impact which is derived from the combination of the new broadcasting contracts and our own commercial growth,” said Chairman Chips Keswick.

RD

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