Manchester United posts GBP39.2 million operating profit for 2016/2017

Manchester United posts GBP39.2 million operating profit for 2016/2017

Manchester United has reported a revenue of GBP581 million with a GBP39.2 million profit in the financial results for 2017 fiscal fourth quarter and twelve months ended 30 June 2017.

The company said it recorded GBP1.5 million in assets for the period in review as against GBP1.45 million posted in the previous year while its total liabilities also jumped from GBP414 million to GBP403 million.

Adjusted Ebitda for the period was GBP199 million compared to GBP191 million for the period.

Ed Woodward, Executive Vice Chairman, commented, “We concluded a successful 2016/17 season with a total of three trophies and a return to Champions League football. The year saw us set record revenues of over £581m and achieve a record EBITDA of £199.8m. We are pleased with the investment in our squad and look forward to an exciting season.”