Murrumbidgee Turf Club (MTC) have announced another magnificent profit for the past financial year.
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MTC president Stuart Lamont announced a surplus of $338,054 for the 2017-18 financial year at the club’s annual general meeting on Tuesday night.
The figure was marginally down on last year’s all-time record surplus of $358,237.
The MTC also produced it’s greatest ever trading figure, excluding one-off subsidies and grants, with a cash profit of $491,586.
The impressive result consolidates MTC’s strong position after profits of $358,237, $295,602 and $301,701 in the past three financial years.
It is the seventh consecutive surplus the club has recorded.
Lamont informed members that the successful year further strengthens MTC’s strong financial position.
“The club’s strong performances over the past five years have paved the way for prizemoney increases and the continued improvement of facilities at Wagga racecourse,” Lamont wrote in his president’s report.
Lamont told members that the continued growth around Aggies Day saw the event generate a similar profit to Wagga Gold Cup proportions.
His report also revealed that the second edition of Rock At The Races added more than $60,000 to the club’s coffers.
Lamont reported that NSW TAB turnover at Wagga for the 2017-18 season was more than $26 million.
No changes to the MTC board were made at the meeting with all 12 directors in the process of serving the second year of two-year terms.
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