The South African Rugby Union (SARU) has confirmed pre-tax profits of 6.2 million rand ($675,300) for the year ended December 31, 2012, it today announced at the organisation's annual meeting.

Group revenue rose 15 percent from $65 million to $75 million, due largely to an increase in income from broadcasting rights, sponsorships and home tests, which had been reduced in the 2011 rugby World Cup year.

The rise was offset by group operating expenditure which increased by 20 percent, mostly due to costs associated with the hosting of the test at FNB Stadium and the IRB junior World Cup.

SARU CEO Jurie Roux commented: "The overall position remains reasonably healthy - despite the macroeconomic situation. However, cash reserves ($1.09 million) are significantly lower than those of the previous year."

 

Published in Commercial
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