The NSW Waratahs have recorded a profit for the second year running, the Super Rugby franchise announced on Tuesday.
Waratahs Rugby Limited reported a positive net operating profit of $64,745 for the year ending December 31, 2012.
Waratahs Rugby said the profit came after $1,131,784 was contributed to the game of rugby union through licence fees and other grants to the NSW Rugby Union.
The result comes on the back of a $49,990 profit for the 2011.
Waratahs Rugby says the 2012 profit is the state’s best result in six years.
The figure was announced by chairman Roger Davis at Waratahs Rugby’s Annual General Meeting.
“After a disappointing Super Rugby campaign, this result was a particularly pleasing outcome for management, sponsors, fans and players and reflects the commitment of the board to ensuring we have a profitable, vibrant and successful professional rugby team that is well positioned to capitalise on all future opportunities to grow the game in the state of NSW,” Davis said.