Juventus announce profits

By Football Italia staff

Juventus have announced a €16.8m profit for the first quarter of 2014/15, a €45.4m improvement from last year.

The Bianconeri’s board of directors met today to approve the Interim Management Statements of September 30 2015 and there was a positive outcome.

The club’s Press release revealed a €16.8m profit for the first quarter, a big improvement from a €28.6m loss in the same period last year.

Other ‘financial highlights’, as it was put in the release, include shareholders’ equity of €61.5 on September 30 compared to a balance of €44.6m on 30 June 2015.

Furthermore, the club announced that the net financial debt has risen by €6.9m to a total of €195.7m.

“That increase is due to payments made in transfer campaign (-€13.4m net), investments in other fixed assets (-€4.1m), cash flow from financing activities (-€1.8m), partially offset by positive cash flow from operations (+€12.5m),” read the Press release on the club’s official website.

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