Newcastle announce record profits


Arsenal's coach Arsene Wenger attends a news conference on the eve of their second round return leg Champions League soccer match against Monaco at the Louis II Stadium in Monaco March 16, 2015. REUTERS/Eric Gaillard

LONDON (Reuters) - Newcastle United may be staggering their way towards the end of another season of under-achievement but they still announced record profits of 18.7 million pounds after tax to the end of June last year.

Newcastle, who last won a major domestic honour in 1955 and are currently 12th in the 20-team Premier League, announced a recorded profit for the fourth successive year, up from 9.9 million pounds in 2013.

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