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Richmond Rant / Re: Richmond makes operating surplus of $539,841
« Last post by WilliamPowell on Today at 09:21:32 AM »What is the EBIT of the Aligned Leisure business?
That is not disclosed in the Club’s financials (doesn't need to be)
Would be in the Aligned Leisure financials which are separate. As the controlling entity all the club is required to include is the revenue and expense from it.
All I can say is the 2 lines in the financials that relates to Aligned Leisure and community programs is that year on year
Revenues for the grouping Health, Fitness and Community Programs is $58.7 mil in 2024 -v- $39.9 mil in 2023
Expenses for the same grouping is $58.6 mil in 2024 -v- $41.7 mil in 2023
And before folks go jumping up and down about that only being $100k profit in 2024 a couple of key points
The grouping includes costs to run the KGI, BH Foundation, Richmond Institute and other community programs the Club is involved in. So the positive becomes the revenue from Aligned Leisure etc enables the Club to run these programs which it needs to do. These programs assist in getting govt funding for things like the redevelopment
I read the full financials last night and when you factor in everything that was season 2024 it is a bloody good result IMVHO
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