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West Bromwich Albion have proved again why they are one of the Premier League’s most financially stable clubs in their latest annual results.

The results for 2014/15, which have been published today, show the club made pre-tax profit of £7.62 million while turnover increased year-on-year by £9.5 million to £96.2 million.

Although the club’s pre-tax profit almost halved from the 2013/14 season tally of £14.6 million, much of this drop can be attributed to diminished returns from the transfer market.

In 2013/14, Baggies made a profit on player disposals of £9.6 million but this fell a year later to £5.3 million.

The accounts also showed the club’s highest-paid director, assumed to be chairman Jeremy Peace, earned £1.12 million, up from £1.02 million in 2013/14.

The breakdown of the club’s annual revenue streams shows increases in:

- Gate receipts: £8 million (2014: £6.9 million)

- Media activity: £77.4 million (2014: £69.3 million)

- Commercial income: £8.1 million (2014: £7.6 million)

However, merchandising fell slightly to £2.7 million (2014: £2.9 million).

The wage bill increased by £4.4 million to £69.8 million across around 160 staff in total.

Albion parted company with head coach Alan Irvine at Christmas 2014 and replaced him with Tony Pulis, eventually finishing 13th, four places higher than in 2013/14.

The club’s accounts cover the 12-month period to June 30, 2015, and are for the parent company West Bromwich Albion Holdings Ltd.