Arsenal on Monday announced a record profit after tax of 35.2 million pounds (38.2 million euros) from results for the financial year ending May 31. The turnover of the Gunners' parent holding company, which also has substantial property interests at the Highbury Square development of their former stadium, went up to 313.3 million pounds (339 million euros) from 223 million pounds (242 million euros) for the same period last year.
Arsenal's move to the Emirates Stadium in 2006 - funded by a long-term loan at a fixed interest rate - continues to pay dividends, with matchday revenue increased to 100.1 million pounds (108 million euros) from 94.6 million pounds (102 million euros) which was mainly down to progress to the semi-finals of both the Champions League and FA Cup. Operating profits, before depreciation and player trading, in the football business were up from 59.6 million pounds (64.7 million euros) to 62.7 million pounds (68.1 million euros). The Highbury Square development, meanwhile, remains robust despite the difficult financial climate and falling house prices