London - Newcastle United may be struggling to avoid
relegation from the Premier League, but on Wednesday they announced a rise in
annual profits to 32.4 million ($45.7 million, 40.2 million euros).
The post-tax figure, for the financial year ending June 30 2015,
represents a significant increase from 18.7 million the previous year.
Newcastle, who recently appointed Rafael Benitez as manager,
are currently six ponts adrift of safety in the Premier League with seven
matches of the season remaining.
Also read: Newcastle sack manager McClaren
"We appreciate that at the present time, football
results and not financial results are what our supporters want to see from
us," managing director Lee Charnley said in a statement.
"That said, it would be wrong for the club not to
acknowledge the submission of our accounts for the period July 14 to June 15.
"We understand, however, that what you (the fans) want
to see are results on the pitch. There are still 21 points to play for and lots
can, and likely will, happen over the next seven games.
"We of course acknowledge the seriousness of our
situation. However we must remain positive and retain the belief that we can
secure our Premier League status and we are doing everything we can to support
Rafa and the team."For
the latest on national news, politics, sport, entertainment and more follow us
on Twitter and like our Facebook page.