SYDNEY (Reuters) - Rugby Australia reported an operating loss of A$4.5 million ($3.22 million) for 2021 at its annual general meeting on Thursday, down from a A$27.1 million deficit in 2020 as it continues to recover from a severe financial crisis.
The governing body was forced to cut more than A$30 million in costs in 2020 after the shutdown of sport caused by the COVID-19 pandemic robbed it of 40% of revenue and compounded an already parlous financial situation.
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